EUR / JPY - DAILY ENTRY ------ Position = LONG

Possible cup and handle forming if resistance is met at previous top. Looks to be in an uptrend and hoping the current up move is a similar setup with the retrace after pump from May 2020. Price rose on decreasing volume since then and recovered quickly when the price recently dumped with a lot of volume. Hoping to see a little more movement up before retracing on decreasing volume before picking back up at entry.

Kommentera:

Now comes the retrace. Watching that 0.618 level for possible bounce in the coming weeks

Kommentera:

So far rejection looks strong. At a support level so we will see if it manages to hold this and continue up or break and go down