Koyejo

EURJPY Swing Long

Long
FX:EURJPY   Euro / Japanese Yen
With the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level , then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming on the 4hr time frame of this pair, which serves as good confluence for a long on pair.
A more ballsy target would be the 127.2% fib extension of the weekly retracement.

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