Long on EURJPY with Caution

This week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level.

My Trade Plan on EURJPY

1. Long position initiated based on the 4-hourly chart.

2. Watching closely for any violation of 161.23, which could prompt a reevaluation.

3. Awaiting the market to hit the first target.

Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern?

Let's continue the discussion!

Trade fechado manualmente:

EURJPY for those who had long the EURJPY, you might like to consider if you are going to intervene and exit the trade for now. Price now is at 161.25 and it seems that it might have some retracement going on.

Entry price was at 160.81(+44pips) it's not that bad. Which is 606.38usd/lot traded.