A potential longing opportunity on EURJPY
1. Bullish structure (higher highs and higher lows)
2. Price is trading above the 50 SMA.
3. Strong break of resistance and retest as support.
4. 4h rejection and close.
5. 1h bullish engulfing.
2. Price is trading above the 50 SMA.
3. Strong break of resistance and retest as support.
4. 4h rejection and close.
5. 1h bullish engulfing.
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