EURJPY on the 4h chart after a few test of the daily support at the 140 level started a love to the upside.
The price attempt a few times the break of the structure at the round nu,ber level without any success and after the last impulse the market retraced at the 0.382 Fibonacci level and is currently trading below a minor resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the market will break above i will set a nice long order according to the Plancton's strategy.
The price attempt a few times the break of the structure at the round nu,ber level without any success and after the last impulse the market retraced at the 0.382 Fibonacci level and is currently trading below a minor resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the market will break above i will set a nice long order according to the Plancton's strategy.
Comment:
the market moved as expected and is testing already the 143 area
Comment:
higher high and 200 pips delivered
Comment:
possible approach to the higher resisatance
Comment:
testing a confluence area
Comment:
new resistance rejection
Comment:
perfect test of the 50%
Comment:
testing the resistance now
Comment:
more than 3% and new higher high
Comment:
500 pips and new recent high
Comment:
new recent high
Comment:
test of the resistance
Comment:
still testing the daily resistance
