EURJPY M1 +4.5PIPS LONG
Reasons for entering
- If you look at the bottom, we got a couple of green candles that closed just below the 200EMA, indicating that bulls were controlling the move
- So, I waited until PA broke 122.250 upwards with a big green candle and notable volume
- After that I waited for some retrace and got into the trade when PA came back to key level 122.250
- Exited when it formed a double shoulders with the previous high as I wanted to play safe
Reasons for entering
- If you look at the bottom, we got a couple of green candles that closed just below the 200EMA, indicating that bulls were controlling the move
- So, I waited until PA broke 122.250 upwards with a big green candle and notable volume
- After that I waited for some retrace and got into the trade when PA came back to key level 122.250
- Exited when it formed a double shoulders with the previous high as I wanted to play safe