Daily EURJPY chart printed two bullish false break setups.

eurjpy-d

False break consist from mother bar, then need to follow at least one inside bar (can be multiple inside bars) and next bar after inside bar is fakey = false bar, which need to break low or high of the mother bar and then close back into mother bar. In our case, fakey = false bar broke mother bar low and then closed inside mother bar. This is telling me, that price wants to go up in future days. We are also seating on trend line and Stochastics is going up already. So aggressive traders could enter long already, more conservative traders need to gather some more evidence, that price wants to go up. So their entries are marked in circles.

There is no major red AU news on Monday, in EU we have ECB President Draghi Speaks news again, so we could expect some volatility on EUR pairs.

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