EUR/JPY - LONG

1M
Priced formed an inverted hammer followed by a morning star which closed above the monthly key level.

1W
Price was halted by a very strong resistance level at 121.300 which dropped the price back down to the monthly. Last week we wicked through the monthly level and close back above. Both EMA’s got wicked, EMA are now facing up since October 2018.

1D
Friday’s bullish engulfing took out almost 3 days’ worth of Price, which also closed above Monthly level and in-between downwards facing EMAs. Today price closed above EMAS with a large bullish wick.

4H
Last week my CTL was broken, price has pulled back and tested EMA support, which formed a 3 pin formation. Target placed at next daily level.