EURJPY: Applying the WRMB strategy
Overview of the pair on D1 charts
- Price is currently approaching support made of previous turning points on the D1 chart
On the H4, we can see that price has completed a WRMB on the close of the previous week.
- As price is currently close to support, any retracement to previous resistance of the 2 H4 boxes high in the form of a 1234 pattern could give us some opportunity.
The next supports can be seen clearly in the higher timeframe charts.
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