EURJPY POTENTIAL BUY
EURJPY pushed above a major zone on the 4HR
- Once EURJPY pulls back to the 161.800 level I will look for a 4HR candle to push down and close still respecting the bullish structure.
- Once that potentially happens, I will look for bullish price action on the lower timeframes (1HR, 2HR, 30MIN)
- Potential target level will be 163.500
Note: Price could just push up and not pull back or it can break and go lower.
It's all about the 4HR Respecting structure.
- Once EURJPY pulls back to the 161.800 level I will look for a 4HR candle to push down and close still respecting the bullish structure.
- Once that potentially happens, I will look for bullish price action on the lower timeframes (1HR, 2HR, 30MIN)
- Potential target level will be 163.500
Note: Price could just push up and not pull back or it can break and go lower.
It's all about the 4HR Respecting structure.
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