EURJPY - buy on 4H - big move incoming

2019-11-08 16:06:14

market price moves within sidetrend channel since strong up movement from beginning until middle of October.
I expect up movement to at least drawn take profit area. If the market price should break this area we can expect strong up movement to 122.4 area.

Indicator Analysis
-regular RSI broke out of triangle pattern and need to close above it for further market up movement
-MACD baselines crossed bullish which brings buyers into the market
-Bollinger bands going sideways and getting tighter which indicates incoming high volume movement

Good luck and a great weekend to all