EURJPY BULLISH TREND PRICE PREDICTION using Trendline Analysis.
EURJPY is making a series of HHs and HLs aligned with the concept of DOW THEORY and I believe this chart will continue its bullish trend and generate decent profits for me. Additionally, the RSI graph trend is consistent with the price point trend, further strengthening the case for continued bullish movement.
My entry point for this trade is 147.645 using Trendline Analysis.
SL is set at 147 and my TP is set at 148.290.
To take advantage of this rising trend, I have applied another trade but this time TP 2 is set at 148.935 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades.
OVERALL RISK: 2%
{
(TRADE 1 : 0.19 : approx USD 90 RISK),
(TRADE 2 : 0.19 : approx USD 90 RISK)
}
REWARD: 3%
{
(TRADE 1 : 0.19 : approx USD 90 REWARD),
(TRADE 2 : 0.19 : approx USD 180 REWARD)
}
My entry point for this trade is 147.645 using Trendline Analysis.
SL is set at 147 and my TP is set at 148.290.
To take advantage of this rising trend, I have applied another trade but this time TP 2 is set at 148.935 which gives me a risk-to-reward ratio of 1:1.5 for my 2 trades.
OVERALL RISK: 2%
{
(TRADE 1 : 0.19 : approx USD 90 RISK),
(TRADE 2 : 0.19 : approx USD 90 RISK)
}
REWARD: 3%
{
(TRADE 1 : 0.19 : approx USD 90 REWARD),
(TRADE 2 : 0.19 : approx USD 180 REWARD)
}
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.