Long EURJPY Short Term Based on 4H + 1D Charts

We recently shorted the EURJPY with excellent results, hitting our price target and bouncing from the major support/resistance line as expected. Now we are heading back up and as you can see I have outlined how we've gone from making Higher Highs to Lower Highs and so it would seem the uptrend is coming to an end.

Ideally I would wait for price to reach the top, bounce off and then short it coming down, which I will... but there is an opportunity here to make some pips :)

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

Please comment below and Like if you agree with my analysis.

Ordem cancelada:

Did not pull back.