EUR/JPY
EJ is in a prime area for a long but, we have broken below the expanding continuation low with clear impulsive candles. We are starting to form a bearish continuation flag below the low in which I will be looking for the risk entry at the third touch.
I will also be keeping in mind that price may just be catching seller(s) on the wrong side of the market. We will know this if price breaks back in structure on the H1 timeframe followed by a M15 continuation.
Will be remaining neutral and when the market shows its hand, I will act accordingly.
I will also be keeping in mind that price may just be catching seller(s) on the wrong side of the market. We will know this if price breaks back in structure on the H1 timeframe followed by a M15 continuation.
Will be remaining neutral and when the market shows its hand, I will act accordingly.
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