EURJPY short term BUY, long term SELL
Okay, so tomorrow is final day of the month, EURJPY is printing a strong bearish engulfing candle (Monthy chart), which indicates that there is a change of momentum, that's why im expecting a long term sell oppertunity.
But market allways retraces, and I repeat, it ALLWAYS retraces (That's how market works. Strong moove, flag(pullback) , strong moove, flag... ). We have seen here a big bearish moove, so im waiting for a pullback to appear on a daily chart, that's why short term buy.
So, how to enter?
We can see some small sideway mooves on 4h and 1h chart, to enter you want to be sure market changegd momentum, so you wait for EURJPY to touch a 1h or 4h support and bounce off it with a big bullish 1h or 4h candle.
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