Here's a quick look at a good trend continuation set up for the start of this week's trading. We have clear consolidation and a prime set up to thrust lower.
On my long term view for EURJPY I am still looking for longs...however we failed to confirm a break on the daily and were provided with this move on the 1 hour time frame. The most probable target for this downward thrust is going to be the daily/weekly support near 130.00
I've gone ahead and linked the daily long opportunity as well.
Please do your own analysis before entering a trade. Feel free to comment/like/follow.
Trade set up is still valid - Bullish support was redefined by the market open candle due to a gap lower. Looking for sells on a confirmed break of the newly drawn trend line. Targets remain the same