Hello,
I have entered EUR/JPY long on the 1hour timeframe.
The reason for this is because it is now at the bottom of the range and has rejected the support.
I have already shorted the top and exited at 129.706.
Stop loss is below any local low- expected to be holding unto 24 hours.
I have entered EUR/JPY long on the 1hour timeframe.
The reason for this is because it is now at the bottom of the range and has rejected the support.
I have already shorted the top and exited at 129.706.
Stop loss is below any local low- expected to be holding unto 24 hours.
Comment:
As you can now see, the RSI is massively over sold. Indicating a reversal.
Trade closed manually:
Trade closed- break even.