TraderMozo

EURJPY - Take a break before the next leg?

Long
FX:EURJPY   Euro / Japanese Yen
PAIR IN FOCUS: EURJPY
BIAS: BULLISH
HORIZON: SHORT TO MEDIUM-TERM


Price has nicely broken above structures and nearing a higher time frame structure zone. Before that, price could retrace down to retest the broken structure around the 125.50 range before the climb to the targeted structure zone. Look for bullish price action during the retest before any long entries. If price breaks down the 125.50 range strongly, this setup will be invalidated.

Let's see how this works out, Cheers!
Trade closed: target reached: No retracement and went straight to target zone.

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