Bearish bias on EURJPY. This follows a double top formation on the 4hr tf where price rejected the supply zone around 188.18 region. Will be looking for bearish market structure on the 1 HR TF before taking my sells.
Trade active:
We are just a few minutes away from market open and I notice price reject a demand zone as demonstrated by a bullish engulfing candle. I thus took buys at a retest level 118.00 with a 10 pip SL as well as a 15 pip TP
Trade closed: target reached:
Scalp target achieved