Simple buy coming up on EURJPYHi Traders,
New week, New opportunities, today I see a simple play on EUR/JPY, Price is bullish based on the higher timeframes such as the weekly and daily so it makes sense to try finding those buying opportunities on the lower timeframes.
What we have is price currently looking very convincing in the continuation of the HTF momentum, Price has managed to break above 143.0 which was previously a point of resistance. In order for me to be interested in the Buy, I would like to see price close above this current level.
Once we have gotten the close I would like to see price 1st retest this level before taking a buy into 143.600 which should be a smooth and easy trade because of the clean range on the left-hand side.
Please be sure to wait for the candle close.
Renaldo Philander.
