Trend continuation trade on EURJPY
Hi guys,
here on the chart we recently broke and closed above the daily resistance level (black line). With that being the case i suppose market wants to go higher, in order to catch the move we have to wait a good retracement and then hop on the trend with a decent risk to reward ratio.
That's the reason why i made up a little box where i can enter the trade with a at least 1:1 RR.
As soos as price enters the zone i will be looking for reasons for entry both in 4hr and 1hr chart.
Let's see how it goes.
Good luck!
here on the chart we recently broke and closed above the daily resistance level (black line). With that being the case i suppose market wants to go higher, in order to catch the move we have to wait a good retracement and then hop on the trend with a decent risk to reward ratio.
That's the reason why i made up a little box where i can enter the trade with a at least 1:1 RR.
As soos as price enters the zone i will be looking for reasons for entry both in 4hr and 1hr chart.
Let's see how it goes.
Good luck!
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