When I'm looking for trade opportunities, the first thing that I look for is clarity.
This means that it's got clear S&R levels that I could is to my advantage.... Like what the EURJPY is doing right now, on the 4H charts, we've got clear support and resistance levels.
What is important here though, is the way the EURJPY is reacting to the support level. Looks like its got some upw3ard pressure around that level, which means it might move up... So I'm getting prepared to go long if it keeps moving up...
What do you think?
Cheers,
This means that it's got clear S&R levels that I could is to my advantage.... Like what the EURJPY is doing right now, on the 4H charts, we've got clear support and resistance levels.
What is important here though, is the way the EURJPY is reacting to the support level. Looks like its got some upw3ard pressure around that level, which means it might move up... So I'm getting prepared to go long if it keeps moving up...
What do you think?
Cheers,
