EURJPY - Channel Break & Retest!
Updated
EURJPY - Channel Break & Retest! During the last 3 weeks, EURJPY has been moving in an ascending channel formation. Price has now broken this channel and retested a key level of previous support, now resistance. With this being said, I have entered a short trade with a great R:R of 1:5. If price can reach this area, it will result in +100 pips.
Trade closed: stop reached
-19 Pips. I will look for another entry one price rejects off the 61.8 Fibonacci level.
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