@zhf7878, Retest could be at .275 or 4h 100 EMA. + a move upwards after the retest for confirmation.
No major retest: trend continuation setups...
minor retest/respite: entry after higher high has been made (high before respite)
LaiptaiCervinskas
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Hello trader, please find this interesting idea bellow:
Gargamel6500
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@LaiptaiCervinskas, Hi, thanks for sharing your analysis :)
I am aware of the current situation, and I am as well waiting for at least a correction in the D chart, especially after this strong directional uptrend. But I´ll only short the eurjpy (in bigger charts) if the market reverses and starts moving downwards.
You never really know XD, so if eurjpy moves up a little higher with a, or some/momentum, bigger green candles, then I´ll take the trade.
Still appreciate your comment and I am glad for your advice.
Wish you some good trading and a happy new year. :)