EUR/JPY has formed a descending channel on the 4-hour timeframe, followed by a strong breakout and a retest.
The price is currently at the retest level, so we will be looking for buy candlestick signals from this level.
To find a suitable entry, we need to scale down to the lower timeframes to identify chart patterns and candlestick confirmations.
The price is currently at the retest level, so we will be looking for buy candlestick signals from this level.
To find a suitable entry, we need to scale down to the lower timeframes to identify chart patterns and candlestick confirmations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.