EURJPY looks quite bullish . I have one long position I opened below channel bottom, but I'm not that sure about that decision, so I will wait with building bigger position until chart will cross SMA100.
So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level .
What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.
So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level .
What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.