See daily chart of EURJPY below for the discussion that follows.
EURJPY broke resistance this past week. Should we get a retest of the support zone, I will look to go long. Before entering, I will need to get confirmation (as per my strategy) in terms of bullish price action / candlesticks.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
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.