EUR/JPY daily just entered the supply zone. It looks like its time to take profits and for the shorts to place their trades. SHORT $EURJPY.
Currently sitting at TL resistance and structural resistance. Should a clear break of the TL occur, I shall be waiting for a retest before entering long. Targets being 142.0, 143.5 and 145.0. Equal ranges fluent with structure. Should the resistance be respected we could see a shorting opportunity back down to 139 and then 138.
EUR/JPY has gained some 200 pips over the past 3 days and in my view the bullish pattern will continue. Looking at the weekly chart, support at the pivot point has held. Looking at the shorter timeframes 4H (137.68), 1H (137.66) & 30M (137.66) - all these timeframes has the same support give or take a few pips. I would go long here (137.75), SL at 137.60 (even...
Who thinks about this pair? Is it possible to turn after the double bottom?