ashtogzuk

Trade Analysis- EUR/JPY - Long

Long
FX:EURJPY   Euro / Japanese Yen
EUR/JPY (1HR)

The pair has been moving to the upside creating higher highs and higher lows showing bullish momentum. We then saw price move back and forth , ranging between support and resistance levels. Price then had a push down to break out, although pushed back up and left wicking on the last candlestick . Could this be a fakeout and another push to the upside? I believe so. To enter a long position, i would like price to push up above our 20 EMA , and give us a clean retest before entering.

Comments