greenmask9

EURJPY to rise from 2 week POC

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY is approaching a red dotted line that is a cumulative Point of Control from the previous week extending to this Wednesday.

Not only that this move is rather slow and correction-like-looking. The accumulation in this area is very recent and hasn't been visited before. Furthermore, it can be spotted without Volume Profile , the naked eye would identify this range too with ease.

I am fairly convinced it is a good long opportunity. I put preset take profit at the end of High Volume Node.
Comment: Studying the volume, it might not go up to the original target. I closed partial profit, will prevent any loss by closing early if I have to.
Comment: Even though I thought it might go beyond Target Profit, I closed on the dashed line one part of my position and will close it all in TP. Red line is my current SL