EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short.
Hi, the price just touched 124.65 and rolled over without looking back. Was your entry just at that level, or somewhere belew after price action showed your conviction of potential lower high? tks.
jojofang0901
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@Sam_Hon, I set a Sell Limit order at 124.63 with the spread taken into consideration. The other potential entry is at the bearish flag pattern break out,
UnknownUnicorn165549
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@jojofang0901, Understood. That was a skillful take. Thanks for explaination.
Thanks