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omarfuentes
Oct 26, 2016 5:54 PM

EURJPY: Watchlist Long

Euro Fx/Japanese YenFXCM

Description

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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