The EURJPY has recently broken out of both a period of consolidation as well as a previous level of resistance & I'm now looking for a bullish continuation up to the 132.50's level. After the initial break I'd hope to see some relief in price in a form of a pullback back into the level of structure that was just broken & that's where I'll be looking for my entry for a potential move higher.
Originally I was looking for the 132.60's level which is a power level of past structure but seeing how a 1.618 fibonacci extension rests right below that level I see that has the safer area.
Question or comments, please leave them below and I hope you guys enjoy!
Akil
Originally I was looking for the 132.60's level which is a power level of past structure but seeing how a 1.618 fibonacci extension rests right below that level I see that has the safer area.
Question or comments, please leave them below and I hope you guys enjoy!
Akil
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