I have shorted the EURJPY with a 10-12 pip stop loss. The following reasons are why I am shorting the EURJPY
1)It has been creating lower highs and lower lows
2) I have drawn two trendlines that have been respected with one being the retest of the previous break.
There aren't much confluences other than that which is the reason for the tight stop loss
1)It has been creating lower highs and lower lows
2) I have drawn two trendlines that have been respected with one being the retest of the previous break.
There aren't much confluences other than that which is the reason for the tight stop loss
Trade closed manually:
I closed halfway point and got it before it went against re-analyzing the pair