THE_GOLDEN_SUITE

EURJPY MOMENTUM SHIFT

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY on the 4 hour time frame we can identify a deeper exhaustion retesting the old resistance which is now support. The small downtrend has aggressively shifted momentum from bearish to bullish with a new higher high being printed creating the start of the bearish to bullish trend change. A valid exhaustion will test my long zone where a 1 hour entry will be preferable.

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