EURJPY Long
Where in a wider scale upwards trend range. Currently in a downwards phase. Once we break our bearish flag and hit the lower trend line I expect a reversal.
Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA through my 30MA giving me lots of confluence to ride this all the way up.
A lot of predictions here. But this is what I'll be watching out for.
As always, open to counter suggestions.
Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA through my 30MA giving me lots of confluence to ride this all the way up.
A lot of predictions here. But this is what I'll be watching out for.
As always, open to counter suggestions.
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