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Long

EURJPY Multi-frame trading plan for next week

FX:EURJPY   Euro Fx/Japanese Yen
44 0 3
Week chart: A strong bullish candle is completed this week testing the trendline resistance. Though there is a up shadow, the large candle still shows a high probability that price will continue going up and test the next resistance.

Day chart: Price has broken some horizontal resistances and now they have become supports. If price could stand above these supports, it may continue going up after a consolidation.

4 Hour chart: After a consolidation, we have to wait for a decisive candle standing near to or above this week's high, then it is time to look for signals to open long positions in lower time frame.
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