EUR/JPY(1HR)
The pair has been moving to the upside creating higher highs and higher lows showing bullish momentum. We then saw price move back and forth, ranging between support and resistance levels. Price then had a push down to break out, although pushed back up and left wicking on the last candlestick. Could this be a fakeout and another push to the upside? I believe so. To enter a long position, i would like price to push up above our 20 EMA, and give us a clean retest before entering.
The pair has been moving to the upside creating higher highs and higher lows showing bullish momentum. We then saw price move back and forth, ranging between support and resistance levels. Price then had a push down to break out, although pushed back up and left wicking on the last candlestick. Could this be a fakeout and another push to the upside? I believe so. To enter a long position, i would like price to push up above our 20 EMA, and give us a clean retest before entering.