Hello traders,
here are my thoughts on EURJPY.
Reasons why I would take the trade are:
1) Price broke through trendline.
2) Price came back to retest the Weekly key level which is also a 0.5 fib level
3) Price created LL, LH and is about to create a new LL.
TP is almost +300 pips and SL is placed above the structure.
Don't forget to share your opinion in comments!
here are my thoughts on EURJPY.
Reasons why I would take the trade are:
1) Price broke through trendline.
2) Price came back to retest the Weekly key level which is also a 0.5 fib level
3) Price created LL, LH and is about to create a new LL.
TP is almost +300 pips and SL is placed above the structure.
Don't forget to share your opinion in comments!