EURJPY Long

Hello fellow traders,

Weekly

Higher Highs, Higher Lows. Clearly have a bullish structure, strength and relative momentum. Bullish strength slowing down and has become a type of channel/wedge pattern with relatively deeper sized pullbacks.
Expecting final push up:
1) to the Recent High for a double top which also coincides with the first channel line. Or,
2) continue rallying higher to end/exhaust at the top of either of the 2 remaining bull channel lines.

Will Gauge the momentum and strength of bulls and bears based on the Daily time frame.

Daily

Our second pullback of the bullish channel appears to have ended with strength and follow through with the bulls. We have received a breakout attempt of local resistance, increasing the likelihood for us to continue higher. Follow-through buying will increase our probabilities even more.

Stop below the low of the breakout (136.69)
Or below the previous Higher Low on the weekly time frame (132.33) until we clear this daily area and continue higher, then moving stops to 136.69 is a feasible idea as the chances of the market coming back down here is lowered.
We can see the momentum of the bulls shifting this market up, creating and establishing this HIGHER LOW position and hence forming our channel, which is essentially a slow-down of the bull trend.

Want to capitalise on this weekly bullish move up and then exit out.

All the best Traders. Hope you're all travelling well.

Remember to get your personal life sorted, relieve and remove as much stress as you can in your life by focusing on resolving or eliminating them so they don't linger within you. Do what makes you feel good :) Positive emotions within you leads to better cognitive function. Stress does the opposite and shuts down your logical brain. Lets get our vehicle working in optimal, tip-top order so that it can travel well :)