EURJPY 20TH MAY 2020

21 thg 5, 2020Bearish bias on EURJPY. This follows a double top formation on the 4hr tf where price rejected the supply zone around 188.18 region. Will be looking for bearish market structure on the 1 HR TF before taking my sells.

21 thg 5, 2020

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We are just a few minutes away from market open and I notice price reject a demand zone as demonstrated by a bullish engulfing candle. I thus took buys at a retest level 118.00 with a 10 pip SL as well as a 15 pip TP

21 thg 5, 2020

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Scalp target achieved