alcaedad

EURJPY LONG

Long
alcaedad Updated   
FX:EURJPY   Euro / Japanese Yen
Possible upward movement of the pair. Price is currently in what I consider to be a bullish continuation ABC pattern, indicated by the already significant development of the Squeeze Momentum, in trading zones with significant volume and with absorption or rejection zones on the bottom of the price. I enter one hour operations since in 4 hours there are no entries. On this occasion, I will favor the strong movement that the pairs have had in larger timeframes, to look for entries in small timeframes of small setbacks that give us in 1 hour; this time we see that there have been bullish continuation moves with an ABC pattern near the 55 period EMA fundamental in my strategy for possible trend continuation analysis, I consider this to be an AB wave within a 4 hour ABC pattern with possible addition much later in larger timeframes, this time we have a low risk trade in my case and buyers' interest in this small range remained. The MACD histogram and lines could indicate this continuation with the positive slope of the RSI.
Trade closed manually

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