TheRZA

EURJPY Retest Entry

Short
FX:EURJPY   Euro / Japanese Yen
After the large bearish momentum initiated from the flash crash on the opening of 2019, the USD gained strength to try and regain its original price. However it has yet to surpass a very key Fibonacci level. We'll wait for stall of price momentum before price reverses on the bearish side.

If price does not stall, we do not enter this trade as the USD could still be recovering and the bulls still control the market.
Trade closed: target reached: Target 1 was reached.