Greetings Forexia Family, lets break down the analysis on EURJPY. As you can see below, the price broke above the zone during the previous Friday (when the FULL MOON happened), where assures traders to go long.
It can be seen above the on the 4HR time frame you can clearly see the bullish engulfing candles, and shifting from the buyers heavily on Monday.
I believe the pair has been up trending and being obvious and consolidating above the zone. For my entry i would like to see last bullish movement and retesting the DMA for better entry.
IF IT DOES NOT GIVE ME THE ENTRY I WOULD LIKE TO SEE I WONT ENTER THE TRADE.
PLEASE USE PROPER MANAGEMENT.
IT IS NOT FINANCIAL ADVICE, IT IS ANALYSIS, USE YOUR OWN TRADING RULES.
First Trade broke even, executed the second after respecting the DMA