(BUY, 1HR) EURJPY Watch for Buy Entry To Mini Resistance
- watch price at 200 ema
- 200 ema may act as resistance due to decrease in momentum at that area
- price may reach 129.800 and pullback towards the mR1 before going up
- if price breaks past the 200 ema and 129.800, buy to t1 - mR2
- breakout from R1 suggests price may continue to scale up after pullback from either the 200 ema or 129.800 price
- 200 ema may act as resistance due to decrease in momentum at that area
- price may reach 129.800 and pullback towards the mR1 before going up
- if price breaks past the 200 ema and 129.800, buy to t1 - mR2
- breakout from R1 suggests price may continue to scale up after pullback from either the 200 ema or 129.800 price
Comment:
Price retraced back to mR1 after 200 ema acted as support and is moving to T1 as predicted