Hi guys,
here we have a setup similar to the EURJPY's one.
The last movement broked a daily level (black line) and now we are retesting the resistance zone that could become support.
I've outlined a reversal zone in which i'm going to look for long opportunities.
The potential target could go all way to the 1,3550 level.
Let's see if price gives us a reason for entry.
Good luck!
here we have a setup similar to the EURJPY's one.
The last movement broked a daily level (black line) and now we are retesting the resistance zone that could become support.
I've outlined a reversal zone in which i'm going to look for long opportunities.
The potential target could go all way to the 1,3550 level.
Let's see if price gives us a reason for entry.
Good luck!
Note
There's a good reason for entry. If the actual candle will close above the last open, i will buy the market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.