EURJPY: Next leg higher
Updated
We had a strong upward swing today which took out all the traders who were shorting the bearish continuation of the longer-term downtrend.
Now that this is complete, I expect 129.00 will be next, using the newly created uptrend.
EURJPY Long
Entry is valid as long as price is above 125.00
SL: 124.30
TP: 127.30/129.00
Now that this is complete, I expect 129.00 will be next, using the newly created uptrend.
EURJPY Long
Entry is valid as long as price is above 125.00
SL: 124.30
TP: 127.30/129.00
Trade active
We had a strong swing down today which brought us back to the trendline, which is perfect for a long entry.Comment
As expected, price did a bullish move which took us about +90 pips in running profit. We can add another position on Monday.Trade closed: target reached
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