Potential long. Waiting for price to come to the orange zone and could see a potenial push to the upside.
Why? looking left, you can see heavy buying pressure at this level. Hence I suspect there will probably be a reaction when price comes down to this level.
Waiting for it to reak out of the resistance zone and create a bullish engulfing/shooting star candle to place then aim for previous high support levelif it breaks lower level ill wait to see if support zone becomes resistance zone then think about a different entry to the downside or possibly wait for it to break upwards
EURJPY is now consolidating inside of daily supply (green) and stophunt zone (red). Price crated minor zones (grey) within the supply and I am waiting for a bounce off each zone until it breaks above and retests highest minor zone (grey).
800 EMA below price
Good structure for Fibs
Support and resistance
I am waiting for a likely push down in the morning and then another good push to the upside! There is many ways for this to go sideways at the moment! I am also looking at divergence on this pair to see if I can capture a scalp!
I am also waiting upon what could be a bad day for £ as...