EJ setup

stephane

Private, 1st Class
Messages
114
Odd configuration on the daily, with the conjonction of 5 SMas (20,40,55,100,200) at the price lecel around 136,5.

EJ_D.png

On H4 that level seems to be a resistance and I will watch for a bullish signal there (with pull back/confirmation). I will not sell a bearish signal, because I trade on H4 and the 135,5 support is too close and too strong.
EJ_H4.png
 

stephane

Private, 1st Class
Messages
114
Odd configuration on the daily, with the conjonction of 5 SMas (20,40,55,100,200) at the price lecel around 136,5.

Update on september 14th. the pair surged above those SMAs and is now retesting them. A buying signal at current level would be very interesting.
EURJPY_D.png
 
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