EURJPY short trade on 8/11/24
- Trade based on counter trend using H4 timeframe.
- The story was 'store' unable to attract more buyer to buy this, therefore in their mindset they might dumb the products/ give discounts to find buyers.
- We can plan to dumb as well considering price may drop following 'store' mindset.
- Strength meter:
- Entry time around 11:00am (Asia session)
- Immediate strength meter:
- Exit plan, possible to target previous area where price launch.