As we eagerly practiced patience yesterday by waiting for the market to Break above the Weekly and Daily resistance trend line, this Break came about during the later hours of the New York session.
Key notes;
1. EURJPY moves, if not always, around the early hours of the Asian session, so the Break above the Weekly and Daily resistance gave me a greenlight to go long.
2. The key area to look out for today is a break and close above the Daily resistance zone at 163.816, this will indicate further momentum to the upside targeting Daily resistance areas of 166.443, 169.070 & 171.697 which are well within the daily FVG & Order Block.
I am a swing trader and I use SMC strategy combined with one indicator (Pivot Points Standard).
Key notes;
1. EURJPY moves, if not always, around the early hours of the Asian session, so the Break above the Weekly and Daily resistance gave me a greenlight to go long.
2. The key area to look out for today is a break and close above the Daily resistance zone at 163.816, this will indicate further momentum to the upside targeting Daily resistance areas of 166.443, 169.070 & 171.697 which are well within the daily FVG & Order Block.
I am a swing trader and I use SMC strategy combined with one indicator (Pivot Points Standard).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.