EURJPY Intraday Reversal (Long)
Waiting to see how price holds here.
I'd then like to see it breakout of that downwards trendline.
I'll be keeping an eye on the currency strength at entry too.
SL will go below the low of the breakout candle if it gives entry.
There is a chance it could drop a bit lower so will be vital to wait for confirmations first.
This pair was also down on our daily currency strength report as bearish (distributed to members every morning), which looks like the move has already happened, so we could catch a cheeky pullback here.
I'd then like to see it breakout of that downwards trendline.
I'll be keeping an eye on the currency strength at entry too.
SL will go below the low of the breakout candle if it gives entry.
There is a chance it could drop a bit lower so will be vital to wait for confirmations first.
This pair was also down on our daily currency strength report as bearish (distributed to members every morning), which looks like the move has already happened, so we could catch a cheeky pullback here.
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