EURJPY recently broke through an anticipated dynamic demand level and in this current open trade we capitalise on a re-test of the dynamic price level.
Chart analysis and entry below.
As price broke to a low of 121.250 and began to recover, it appeared a retest was on the cards. It is a normal occurrence that when price breaks through anticipated demand levels that there follows a re-test. With price appearing to have lost all momentum gained from the recovery, shorting looked like a very good bet, and so far that has proven true.
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