TEXTBOOK BUY SETUP ON EURJPY
Updated
Chart is really clean and technically beautiful to play.
The 120.00 level is pivotal and very important, i am looking to play this level and the flag from the buy side.
As you can see on the chart, bears were not able to make a decisive move below 120, the bulls countered pretty good, showing a strong hand.
Look in the lower timeframes for a entry according to your strategy.
I will place my stop in the beginning below the 119.33 low and will trail it higher if the market goes my way, and target a move to the upside of the shown structure.
Blessings to you all.
The 120.00 level is pivotal and very important, i am looking to play this level and the flag from the buy side.
As you can see on the chart, bears were not able to make a decisive move below 120, the bulls countered pretty good, showing a strong hand.
Look in the lower timeframes for a entry according to your strategy.
I will place my stop in the beginning below the 119.33 low and will trail it higher if the market goes my way, and target a move to the upside of the shown structure.
Blessings to you all.
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