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Hello traders!
Here are my thoughts on EUR/JPY.
As we can see on the weekly chart below, price is in nice and healthy uptrend, creating HH's and HL's while also staying above 50 MA.
On the daily, we can see a nice break of structure. After that, a retracement from resistance occurred. This is a great trade for break and re-test traders like myself. Please, wait till price closes above resistance and wait for confirmation of re-test level!
📈📉Trends: ⏳ Weekly- Bullish ⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level 🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
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