EURJPY is coiling around a key daily structure support. Analyzing the reaction of the price to that structure, I spotted a horizontal range on a 4H time frame.
The market remains very weak and indecisive on 4H and trades in sideways. To buy with a confirmation, wait for a bullish breakout of its neckline (you need a 4H candle close above that to confirm the breakout). Then buy aggressively or on a retest.
Goals will be 144.93 / 145.4
If the price breaks the green support, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.