On the 5 MTF, EURJPY touched the upper line of ascending channel with the blue lag tagging the 45 level and red lag tagging the top. An overbought position.
Sell position was set at 7:05 and referring to 1 MTF for entry. The sell entry at 7:06 (the fist vertical line). Profit target around point 1 (on 5 MTF).
Then a buy entry made on 1 MTF after EURJPY penetrate the descending trend-line at 8:02. Signal on 5 MTF was the engulfing candles with lag at bottom.
Profit target at three different levels, first at pivot point and also 122.00 level. Second`at Asian high and third at 122.50
