Hi Traders:
EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short.
Target 1: 124.15 (1%)
Target 2: 123.00 (3.3%)
Thank you for your support and feedback.
EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short.
Target 1: 124.15 (1%)
Target 2: 123.00 (3.3%)
Thank you for your support and feedback.
Note
Here is the daily chart:Trade closed: target reached
TP 1 Hit, 1% profit. Move SL to break even. Note
Note
2.3% profit
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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.