[Intraday Trade] EURJPY to downside
Updated
LTF order block is creating structure at the key level support & bullish structure. High risk trade as this trade was entered prior to the break of the structure. There is a possibility of a rejection at this level.
But as DXY and JPY is gaining strength and, EUR has been weak, I am taking a risk to enter now because I have a feeling that the it may create an impulse to break the structure without a retest.
But as DXY and JPY is gaining strength and, EUR has been weak, I am taking a risk to enter now because I have a feeling that the it may create an impulse to break the structure without a retest.
Trade active
Trade closed: stop reached
I have a feeling this may continue down but I am out break even. Actually its already starting to melt down from here. Lets see if we get continuation as this is a critical level. I may consider a reentry if we get a clear break and retest of the key level. I'll post an update at that time.
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