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tbpatel2

Potential Long Trade - EJ Bounce off trend line

Long
Euro / Japanese Yen (FX:EURJPY)  
tbpatel2 Updated   
FX:EURJPY   Euro / Japanese Yen
2
0
In a current down trend on EURJPY , the price has hit a Demand are as well as the bottom of the trend line. I expect the demand area to be tested again before the break out.

Waiting for confirmation of the breakout, with a SL right under the trend line.
Comment:
If 113.78 has been reached, it will be a good indication that the trend has been broken.
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