EURJPY Short Term Potential Sell Idea

It looks like EURJPY is topping out from a momentum and money flow point of view. There is a chance that it starts its descent down from here.

Looking for a break and retest of the LTF bullish structure to push down to .5 or .618 fib.

Support for this idea:

Supply zone has been very strong since mid-March
My indicator showing slow stoch topping out and a potential medium stoch rebound which could trigger a downward move
Money flow is showing signs of exhaustion
Previous COT data shows a decrease of EUR and an increase in JPY net positions.

Let me know your thoughts.

Trade Safe!
HEET

Trade active

I took the high-risk entry on the retest of the resistance when my indicator triggered a rebound entry. Very happy I took that entry as it is melted down after.

Note

The first target hit and looks like we may get continuation.
JPY is starting to show some strength again and EU is melting.

Trade closed: target reached

Target just hit. I left 1 lot left in the trade running.

Note

I'm completely out after the 2nd bullish candle pushed up. It's a good thing I got out as there was good retail sales news for EUR.

No complaints, today was a good day. I finished the day up 1.7% just on this trade.

AfterlifeTrading

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AfterlifeTrading

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