EURJPY Long

26. Aug. 2021

I see practically every post wanting to short this chart but it stands out to me that this is beginning to flip to a bullish run. Price overall is bullish on the D/W. I see a breakout and whether or not its a false break we will see. Trade will be entered in the specified area and another addition is price should be above the 200EMA also. This could be so wrong but the analysis made makes sense. Strong levels of S/R.

Most likely one of the only trades you'll see going long for now on this chart. Maybe there's a reason for it?

Please let me know your thoughts!!

Thanks for viewing:)