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.

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Order avbruten:

Did not pull back.