EURJPY, approaching trend line.
Price has been in a long term down trend on the 4H time frame for a few weeks now. We've been getting lower highs and lower lows. EJ has now gotten to a narrow point where eventually there will be a breakout into a buy based on the pattern currently forming. There is the possibility of price continuing to make its way lower to the 4H trend line before buying. I'm going to set alerts and wait to see what price decides to do before making any trade entries. Until I get a bullish confirmation I'll continue to look for bearish entries that fit my strategy.
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