EURJPY LONG { COUNTER TREND TRADING - DAY TRADING STRATEGY]

EURJPY

EJ 1D -
Simple harmonic movement. Overall trend is uptrend. Currently price is making retracement. However, there is a SBR formation in 131.00 brn zone. Price might shift from uptrend to downtrend. Anyway, current price at 130.000 BRN level, also a fresh RBS zone.
We can consider counter trend and target to 131 retracement.

EJ 4H -
Bearish momentum getting weaker. It's time to look for buy opportunity.
Target buy limit @ 129.90
SL @ 129.40
TP 130.90

RRR at least 1: 2

Trade at your own risk

Transakcja zakończona: osiągnięto poziom stop:

Quick Update:

Price broke lower and reach 78.6 level then only bounced higher.Too bad I was stopped out.