Month end Trade for EUR/JPYHi Traders,
As we are now on the last day of the month, We can expect some pullbacks based on the Monthly Time-frame for some instruments. EURJPY Has found rejection 3 times at 144.000 and even though we are still in a bull market long-term, we can still find some shorting opportunities based on the lower time-frames.
Price has managed to break multiple support levels on its way down and now with the last break of support being a nice bearish candle, I would love to see price give a retracement back to the broken structure priced at 142.500.
My entry for this will be simple as I will enter with a pending order at 142.5 and then add more if Price rejects and creates a lower high. If Price pushes up and Breaks resistance I will be out of this trade.
Trade safe and Remain Patient.
Renaldo Philander.
