18/12/2020 EUR / JPY long

18/12/2020 EUR / JPY

Daily
-Since 2012, the up trendline still going up tightly which, weekly candles checked only couple times in 8 years .

4H
-Mid-term sideway movement or ranging zone that started in early December has just broken up.

H1
-Current price is checking the previous resistance level of 126.60 by pullback.

[Reason for trading]

-Chart bounced former resistance, which now turned out to be supporting level. (bullish signal)

GOING LONG

ENTRY = 126,700
TP1 = 127,780
TP2 = 130
SL = 126,335