omarfuentes
Long

EURJPY: Watchlist

FX:EURJPY   Euro / Japanese Yen
15 0 0
After the trendline breakout, this one seems ready to go north.

(1) The first alternative is to wait for the breakout of the H4 resistance zone (114.24-114.19). If it happens, I'll wait for a pullback to the zone to look for reasons to buy.

(2) Another way to play this is to wait for a retracement to the H4 support zone (113.29-113.24). There is an important divergence so it's a plausible scenario.
Trade active: My resistance zona has been broken and it retraced back enough to get in
Trade closed manually: This is going really well but it has stopped, to the pip, in my next H4 resistance zone. I'm closing it.
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