EUR/JPY Long Trade

Pending order:
Entry price: 125.955
Take profit: 126.745
Stop loss: 125.428

Daily graph shows uptrend, so we are looking to buy.

4 Hour graph

Price is retracing and has reached 50 EMA and trend line (dotted green line). Big red downward wicked candlestick is a sign of indecision. That means there is a high chance of price starting to climb up again. We put our entry some pips above the indecision candle and stop loss below.

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