Hello traders. This potential long squeeze on EURJPY is looking very interesting. We have reasonable institutional resistance at 123.6, if price squeezes out of this ascending wedge I would be interested in fading it.
A run up into the figure could be a good place to get short.
As always use a 30-40 pip stop loss and look to get whatever you can on the profit side.
Enjoy!
A run up into the figure could be a good place to get short.
As always use a 30-40 pip stop loss and look to get whatever you can on the profit side.
Enjoy!
Comment:
pending order at 123.5, hopefully I get filled.