EURJPY March 7th Analysis
EurJpy is creating equal highs on our intraday timeframes. Our overall bias is is bullish based of Daily Trend. The equal highs on the intraday timeframe give us reason for caution as to how we look for our next buy setup. Also, Equal Highs can give us reason for a Intraday Retracement to become an Higher Time Frame (Daily) Retracement. Allowing us to trade the bearish downtrend from an intraday perspective.
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