The entry filled and the call is being tracked candle by candle.
What is the logic behind this EURJPY long?
Written by the trader before the outcome was known, and never edited since.
EURJPY retesting support at 178.425, high volume, liquidity sweep in play, invalidation below 178.350.
Thesis at publication
The longer case, also locked at publication.
EURJPY retesting key support at 131.00, where a bullish engulfing candle formed on high volume last week. Invalidates below 130.80, where a liquidity sweep occurred.
Market context
What was true around EURJPY when this call was published.
There were no other open EURJPY calls when this was published.
This was among their first calls — no graded record existed yet.
Discussion (2)
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Great entry, but could you clarify your invalidation level for better risk management?
Great call, Lucas! Just curious, what's your invalidation level here?