lawlee9
Long

EURJPY reversal

FX:EURJPY   Euro Fx/Japanese Yen
36 1 5
High quality reversal setup. Impulsive move down to create a low, with a pull back, then a lower low, then a pullback to make a higher high, and finally a low higher than the previous low with a pinbar . As you see, price pushed up after the pin bar indicating the setup is valid. Now price is consolidating in the range before making a leg higher towards the 130 handle.
Comment: price is testing the top of the range. Watch for a break and close above the last high to confirm a long entry.
Price broke through the range. Expect a move higher from here.
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