As you can see EURJPY pair has enjoyed a terrific rally overnight and in this morning. Price is seriously in the overbought territory and also reached to major level of structure where it has acted as a support and resistance on a multiple occasions.
I will be shorting from here with a potential tp in the next support zone but long term tp is 124.400 as there is a price correction due in this pair.
Let me know your thoughts fellas.
Trade safe and good luck.
Trade closed: target reached
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Closed my 1st position with tp1. Moved my entry to BE to see it through for the second tp.
Trade closed: target reached
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Booked my tp2 as mentioned at 124.400 !! A massive 260+ pips.