EURJPY jump on the long term trend to the upside (1hr chart)
The EURJPY pair has shown some weakness has now turned to consolidation on the hourly chart. My idea is to the long side of this pair for the following reasons:
1) Long term trend is upwards
2) Price is moving above the 100 EMA (Amber) on 1HR chart, historically this has been a good point to go long
3) Short term trend is also on the upside ((Black line drawn)
4) Trend continuation evidence shown on 4HR chart
Most likely play this as a swing.
Keeping it simple, looking at the bigger picture! It is all about probabilities gang!
Happy Pip Hunting!
1) Long term trend is upwards
2) Price is moving above the 100 EMA (Amber) on 1HR chart, historically this has been a good point to go long
3) Short term trend is also on the upside ((Black line drawn)
4) Trend continuation evidence shown on 4HR chart
Most likely play this as a swing.
Keeping it simple, looking at the bigger picture! It is all about probabilities gang!
Happy Pip Hunting!