It seems to me that EURJPY didn't capture significant liquidity from the first stop loss hunt. Price seems to be pushing up to tap the second zone of liquidity before it hopefully falls into our target area.
Price isn't ready to drop just yet IMO.. key resistance is at 137.100 so until then... BUY THE DIPS
Looking for any reversal signals to go long on this pair.. If price continues to drop then I am waiting for a bounce off of the trendline to continue the bullish move to the top
Strategy sell valid - already running.
Last S/R being tested and rejected for those looking at technicals, a nice trade here with a nice RR should you like it - in line with the strategy direction overall too.
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Price broke through support on the 30m timeframe, as we retested the broken support we took a sell entry, price hit our target and we moved our stops to BE and let a runner run, the runner ran for 30 pips before we closed our trade as support formed on the 30m timeframe.