Marenno
Long

EURJPY Short term entry setup based on 1H

FX:EURJPY   Euro Fx/Japanese Yen
On a 1H chart we have a bullish reversal sign
Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement.


Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down

Due to current price position (intraday - independant view) I will look for Bullish PA patterns to begin with a limit order at 132.00

"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere.

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