Reversal on EURJPY? I think so
this is the hourly chart on EURJPY and i’m taking this long trade because of several reasons. First of all, we’re in a strong supporto zone on the and we’re also creating a nice divergence on the there. Then, if we lower a timefeame (4H), you can see a couple of pinbars (candles with long wick to the bottom) signaling buying pressure entering the market (and also an kicker). Last reason comes in this timeframe with a closed by an candle right now, that could be the first sign of the bulls taking over the bears here.
If you have other ideas, let me know.
Otherwise, see you in the next chart!