Possible EURJPY BUY at 121.765 area
sell pressure to the downside has decreased, wait until double top at support of 121.765 has presented itself, buy on candle close on support.
Trade closed: target reached
TP HIT- 28 pips secured!Note
(For my journal) Price has a tendency of extending itself past a zone before reversing the other way, I this happen a lot. In future only place a trade after the candle has finished i.e on the hourly close of a zone or wait until price moves in the direction of the trend I'm placing a trade in and wait for the first pullback that forms on a lower timeframe.
Furthermore, a bullish divergence can also be established as price action contrasts to the movement of the indicator.
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