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.

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

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