EURJPY Long
Direction: - Pair is in H4 Bullish Orderflow, and is starting to enter Bullish Momentum on the Daily.
- The pattern formed in a H4 OB (Orderblock).
Entry: - W (Double Bottom) Pattern Formation.
- Yesterdays low was held throughout the day. The pins to yesterdays low indicate the low will probable not be broken (This can be seen yesterday also).
- 13 EMA Cross indicating continuation of rise in pair.
- Three vector drop before held low indicates the market wants to grab liquidity before rising.
- Squeeze in volatility bands at this point indicates a probable burst to the upside.
- RSI crossed the volatility bands (Shark-fin) indicating pair will rise.
- RSI is also near the 32 and therefore, the pair has been exhausted and near oversold.
- Divergence indicates the pair will rise.
Exit: - 55 pip TP @ just below YH as it can as a resistance point.
- 20 pip SL @ just below YL as it can as a support point.
Direction: - Pair is in H4 Bullish Orderflow, and is starting to enter Bullish Momentum on the Daily.
- The pattern formed in a H4 OB (Orderblock).
Entry: - W (Double Bottom) Pattern Formation.
- Yesterdays low was held throughout the day. The pins to yesterdays low indicate the low will probable not be broken (This can be seen yesterday also).
- 13 EMA Cross indicating continuation of rise in pair.
- Three vector drop before held low indicates the market wants to grab liquidity before rising.
- Squeeze in volatility bands at this point indicates a probable burst to the upside.
- RSI crossed the volatility bands (Shark-fin) indicating pair will rise.
- RSI is also near the 32 and therefore, the pair has been exhausted and near oversold.
- Divergence indicates the pair will rise.
Exit: - 55 pip TP @ just below YH as it can as a resistance point.
- 20 pip SL @ just below YL as it can as a support point.