EUR/JPY - 03/11/2019

This pair has broken the descending TL near the beginning of October. It has nearly been a month and we are still waiting for a HL. I will take a trade on the daily support zone I have drawn, depending on how the market reacts to it. The pair seems to be wanting to start a daily uptrend (it is currently in an uptrend), however I am still waiting for that HL to form on the daily. If it does not form and continues to drop, I will see how it reacts on my provisional ascending TL that I have drawn from the last 2 points.