As what is happening to yen currency now, Im with the bull bias. this is a swing trade.
WILL TAKE MY LONG, TARGETING 100PIPS FOR THIS SETUP.
OVERALL MY TARGET WILL BE PREVIOUS HIGH. BUT FIRST TP WILL BE ON THE RESISTANCE AREA.
DUE TO WHATS HAPPENING ON THE FUNDA SIDE, IM WITH THE BEAR BIAS ON UCAD. PREVIOUS LOW IS MY FIRST TARGET FOR THIS SHORT.
This is a swing setup, and here's what I think.
ITS EITHER NOW PRICE WILL SPIKE UP, OR IT WILL RETURN TO THE 2ND LONG TARGET ZONE BEFORE SPIKING UP TOWARDS FIRST TARGET
We may face some small bear before continuing bull hitting our target zone.
I WILL FOLD MY TRADE ONCE IT REACHES THAT ZONE
SHORTING THIS PAIR IF ANY CONFIRMATION APPEARS
EURJPY SHORT. WILL WAIT FOR THE CONFIRMATIONS ON THE LOWER TFS
ILL BE SHORTING UNTIL THAT BOTTOM BOX. THATS THE MAIN TARGET. HOWEVER ANY CONFIRMATIONS ON H4 WILL HAVE THE WEIGHT FOR MY DECISION MAKING