EUR/JPY - 30 MIN - WAITING FOR BREAKOUT
Updated
EJ has been consolidating for a few hours.
Waiting for the BREAKOUT in either direction.
R:R could be 3:1 if the breakout is BUY biased or 2:1 for SELL bias.
Blue lines are levels of Support & Resistance from the 4 Hour time frame.
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
Waiting for the BREAKOUT in either direction.
R:R could be 3:1 if the breakout is BUY biased or 2:1 for SELL bias.
Blue lines are levels of Support & Resistance from the 4 Hour time frame.
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
Note
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
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