EURJPY Short

1 Ağu 2017

Bearish railroad/engulfing candle formation at H4 resistance zone. There have been many recent tests of this zone where the price has fallen however this pair is in a strong uptrend on the daily chart so this is a counter-trend trade.

2 Ağu 2017

İşlem kapandı: durdurma seviyesi

Price came very close to take profit then moved strongly upward and hit stop loss. This was mostly expected as this pair has been in a strong uptrend and this was a breakout of a bullish flag pattern. There were higher lows leading to the breakout.