Long after crossing SMA100
Updated
EURJPY looks quite bullish. I have one long position I opened below channel bottom, but I'm not that sure about that decision, so I will wait with building bigger position until chart will cross SMA100.
So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level.
What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.
So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level.
What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.
Note
The price didn't pass SMA yet, but soon we probably will have opportunity to buy. I will watch EURJPY carefully not to miss it.Note
I started to open some small positions on EURJPY. I believe that USDJPY will continue slight uptrend and there is possibility to go up more.Note
EURJPY like to slide the band, as you could see earlier at this channel.
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