Dislikedthis eur/jpy chart has caught my eye, we have had a major breakout yesterday now we have price coming back up to test support on the daily time frame
now i am looking for an entry and the 1 hour looks interesting
let me know what you guys think
Ignored
I like the way you think. You saw a strong consolidation area breakout and now looking for a pullback or retest of that consolidation or Lupport level turning into a Resistance level.
The previous bar lows on the higher time frames can give you a clue where this levels may be located.
Here's how I would veiw the Hourly chart but first starting with the Daily or Weekly time frames. See the difference of your hourly level and mine?
Indicators show the past. Price Action "Indicates" the future.