Fxtoronto
Long

Bullish divergence with structure

FX:EURJPY   Euro Fx/Japanese Yen
50 0 3
Hello traders, have a potential long setup on this pair. We can observe that there is some bullish divergence on the pair with price making a lower low where as macd shows a higher low. Also we can see that price rebounded of trendline breaking the previous structure.
PLAN
Now there are two possible entries on this pair. First one being a 618 retracement entry on the structure below. The second one which i am more interested in would be break of the trendline above. If that happens expect the price to the reach the 135-135.5 levels.
Cheers
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