EURJPY setting up to go long after it broke the H4 trendline, retested and rejected it. It has also broken a symmetrical triangle early without coming close to the apex point and created a small bullish harami pattern after the retest.
Could it finally gain momentum to push higher or could it consolidate more and test the 38.20% Fibonacci level then head up?
Trade active
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Trade closed: stop reached
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SL tapped due to close proximity placement. Lesson: Place an appropriate SL with enough room to let the market move.