Hi Traders. If you've watched my previous analysis on EURJPY, I actually was expecting price to hold below the 200ema on the 4h chart.
But price obviously found lots of momentum pushing towards the upside. The current 1h candle basically just how buyers' are now in control.
During a strong trend like this, I'd recommend you to avoid going against it because we don't want to catch falling knives without confirmations.
Any pullback to the previous minor S&R structure could be a good buying level for now.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
But price obviously found lots of momentum pushing towards the upside. The current 1h candle basically just how buyers' are now in control.
During a strong trend like this, I'd recommend you to avoid going against it because we don't want to catch falling knives without confirmations.
Any pullback to the previous minor S&R structure could be a good buying level for now.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
