EURJPY BUY SETUP

A bullish impulse followed by a corrective descending channel with a possible double bottom formation.
A pending order is in place with the stop-loss just below the possible double bottom and the boundary of the descending channel, while having having two profit targets.One at the beginning of the channel and the other at the previous major high.

Kommentera:

Although the double bottom was not effective, price is moving in a very corrective manner at the lower boundary of the channel.
I readjusted my order with the same entry but a slightly larger stop-loss.

Order avbruten:

the setup was not validated.