EURJPY is still ranging with a slightly bullish bias. There is some structural support here and potential to form bullish divergence on the 15m RSI.
The 12h RSI is also showing some complimentary hidden divergence indicating a drive to a new local high. I'm averaging in slowly here so I can cut my losses quickly and as pain free as possible should it break support and enter a longer term bearish leg.
The 12h RSI is also showing some complimentary hidden divergence indicating a drive to a new local high. I'm averaging in slowly here so I can cut my losses quickly and as pain free as possible should it break support and enter a longer term bearish leg.
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I have a 30 pip trailing stop activated on the remainder of my position.
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Profit taken at 132.939