FullTimeTrader
Long

EURJPY-three drives pattern near long term support

FX:EURJPY   Euro / Japanese Yen
323 3 5
All EUR pairs are clearly bearish but are againt strong supports and a pullback is inminent.

This pair is touching a long term support looking at W1 chart.

snapshot


Here at H1 chart we can see a three drives pattern and RSI bullish divergence .

When a pair is strongly bearish is prefer to trade lower timesframes for a counter trend trade. It offers better R/R ratio and allows me to take profits as soon as possible.

Best regards.

Looks good mate.
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IvanLabrie PRO IvanLabrie
Agrees with my price and time target failure setup in the 4h chart:

snapshot
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IvanLabrie PRO IvanLabrie
I'd just need to wait 4 hours haha...I'll place a buy stop now.
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