EURJPY Buy Idea
H4 - Price is moving inside a range.
Currently the price is at the bottom of this range and we can look for buys as long as the range holds.
Two possible ways to enter this trade:
Conservative (H1) - Enter after breakout of the trendline.
Aggressive (H1)- Enter once a bullish candle pattern forms after the divergence completes itself, which will also complete a false break of the alternative trendline.
Protection below last low to be created.
Targets 1- Risk Reward 1:2
Final target - Top of the H4 range.
Currently the price is at the bottom of this range and we can look for buys as long as the range holds.
Two possible ways to enter this trade:
Conservative (H1) - Enter after breakout of the trendline.
Aggressive (H1)- Enter once a bullish candle pattern forms after the divergence completes itself, which will also complete a false break of the alternative trendline.
Protection below last low to be created.
Targets 1- Risk Reward 1:2
Final target - Top of the H4 range.
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