I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot + VWAP.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 60+ pip trade.
If it breaks I will look for...
Took a trade this morning on EUR/JPY. The reasons are the following:
- Resistance was broken and we see strong bullish candles on H1
- Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag
- The top of the flag is also a supply level = resistance
I am a buyer and will target 123.850 - 124.00 levels.