EURJPY.....SELL (250 Pips)

14 thg 2, 2023

Expected EJ to reject at 142.00, from my rejection zone (red box). AS you can see the market played by that structure, i'm considering a sell run to correct the bulls formed from last week's ascending triangle which occurred on Wednesday and that of Friday's session. Expecting a sell momentum to push this EJ to a possible 300 pips with final TP valued at 138.70 which results in 2% price reduction.

NB: blue box: Breakout zone!!!!