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Finchcliffe
Oct 10, 2023 10:23 AM

EURJPY: Price gone higher than expected for a better entry. Short

Euro Fx/Japanese YenFXCM

Description

Price moved a lot higher to fill the overnight gap down.

My idea yesterday became invalid but this gives me a better entry:



Gap down suggests general direction and now the gap has been filled, supported by a pinbar on the 1hr I'm getting in short with a first TP at 156 (ultimately I think 154), but I think this could be the start of the reversal.

Trade active

Comment

Let's go, looking like double top on the retrace...

Comment

Targeting 156.8 rather than 156 just due to the recent PA on this pair

Trade closed: stop reached

Carry on waiting...
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