EUR / JPY DAILY LONG OPPORTUNITY.

https://www.tradingview.com/x/UuFAdBCH/

DESCRIPTION

EUR JPY has rejected from a strong demand zone to the left and formed a text book formation of a head and shoulder pattern .

price ATM has the potential of retesting the neckline of the H&S pattern , and if so probability is there for a potential long with different entry methods.

Will personally look to enter if the price comes down to 163.500 level in either of London / New York session.

If price does go long after retest and opportunity is missed there will be other opportunity to buy using different entry methods , which will be updated as we go along and how the markets behave.

註釋

THE 50 and 200 EMA is still above the candle sticks on 4hr pattern , so its good to wait for entries atm .

交易進行

註釋

trade is active , however as this trade taken is on bigger TF , lot of patience is needed for it to see it play on the full scale , for now the price might retest again on our entry . So , just be calm and set and forget the tradee , let it run as it is.

註釋

Update - 70 Pips up from my point of entry .

註釋

Trade update - Today saw the trade rally up by 70 + pips as of UK time 2150 , lets secure the trade and make decisions as it plays out.

註釋

Price again looks top retest the neckline , no problem with that , will keep holding , probably look another opportunity to enter , as long as risk are managed , there is nothing to worry about , its part of the game.

註釋