Breakout Strategy and Confirmation H4 Entry
EURJPY is the best and nice example for this educational purpose. Recently we monitoring EURJPY pair, it give a nice movement and a Text book S/R Flip Situation.
Confluence with Current Structure. A breakout Shift from HH making New LL and Retest as LH. H4 have not making any new high , that will be first signal telling, Sellers are coming in and trying to push the price down.
Breakout from bullish trendline need to be confirm with New LL structure before we deciding to start selling.
Safe trade entry is around 130.160 when first support broken and retest it as first time back resistance.
And the structure Repeat itself again and again.
For Educational Purpose Only.
Confluence with Current Structure. A breakout Shift from HH making New LL and Retest as LH. H4 have not making any new high , that will be first signal telling, Sellers are coming in and trying to push the price down.
Breakout from bullish trendline need to be confirm with New LL structure before we deciding to start selling.
Safe trade entry is around 130.160 when first support broken and retest it as first time back resistance.
And the structure Repeat itself again and again.
For Educational Purpose Only.
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