One of the charts I like for this coming week is that of the EURJPY. See chart below for discussion that follows:
The EURJPY is attempting to break recent resistance. If it can do that it will be making another higher high, indicating that it’s prior uptrend might resume. So if price breaks decisively to the upside and retraces to retest the prior resistance as support, I will be looking to get involved if I get confirmation in terms of candlestick price action.
Please remember that this is how I view the chart and how I plan to trade it. Always have your own trading plan detailing how you plan to enter and and how you will manage the trade once you’ve entered. Always manage risk and don’t bet the farm on any one trade.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS