EURJPY - 1 Hour Rising Channel at Structure (2nd Chance Entry)

I woke up this morning to a lot of bullish momentum on the EURO pairs & to no surprise as the session carried on we started to see the momentum slow, offering some pretty decent countertrend trading opportunities. One that I involved myself in this morning was the EURJPY.

This pair has yet to move to the projected target price so if we were to retrace & hold at the highs once again (Double Top) it would offer an excellent opportunity to get a second chance at getting involved in a short trade.

As always if you have any questions about the setup or simply want to share your idea, please let me know in the comment section below.

Wishing you a great trading week.

Akil Stokes