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on DAILY: EURJPY is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes.
on H1: EURJPY is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
N.B. when the sell is activated, we will move our stop loss to breakeven as the trade approaches the lower blue trendline.
Good luck!
on DAILY: EURJPY is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes.
on H1: EURJPY is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
N.B. when the sell is activated, we will move our stop loss to breakeven as the trade approaches the lower blue trendline.
Good luck!