We have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44.
If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83.
I will update this one ....
Trade with care.
If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83.
I will update this one ....
Trade with care.
Trade active
EXECUTION PHASE1ST SELL OPENED @ 124.21
Trade closed: stop reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.