EURJPY Early Long Indication. . .

With the daily chart not giving any indication of price action I have 'zoomed' down to the 1hr time frame to have a look

Zooming down to the 1hr chart we will see that the last swing low has not gone below the previous swing low (see the highlighted areas on the chart above. Also, the last retracement is bouncing off the 50% retracement long as highlighted in the chart above. So overall (based only on this lower TF chart) my bias is long. Take this with a grain of salt because the last weekly candle was a bearish engulfing and we already saw that candle pattern work very well on the daily chart a few days ago.

All that said you can see that I have gone long here. This is a very early indication to go long and this is NOT a trade recommendation. My trade parameters dictate that I am risking less than 1% on the account if I am stopped out at this level. If you decide to trade based on what I am showing here please use a demo account or at least have a very good awareness of the potential loss to any account you are trading.