Ridgy4X

EURJPY: Break and retest entry

Long
OANDA:EURJPY   Euro / Japanese Yen
Good morning all, as we can see EURJPY is currently retesting the same key level which shows there is a large number of bulls trying to enter the market.... However, let's not have itchy fingers and place a buy order on the break... I say we wait for a retest and failure for bears to push the market back below the current key level will give me a solid sign that price will move in our favored direction. I will enter twice should both opportunities arise.

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