EUR/JPY | Potential Upward Movement 🚀🚀🚀
Technical Analysis:
Starting by the higher time frame the price is trading within a bullish channel formation where it posted a correction toward a daily strong support @ 128.26 mark. On the lower time frame, the pair is traded within a bullish flag pattern which might lead to a lower correction to the 61.8% Fibonacci level. After that this, a move upward could be seen toward the 129.45 mark.
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Trade Idea:
Buy Limit Order @ 128.79
Take Profit @ 129.45
Stop Loss @ 128.47
Trade Safely 🙂
Starting by the higher time frame the price is trading within a bullish channel formation where it posted a correction toward a daily strong support @ 128.26 mark. On the lower time frame, the pair is traded within a bullish flag pattern which might lead to a lower correction to the 61.8% Fibonacci level. After that this, a move upward could be seen toward the 129.45 mark.
-------------------------------------------------------------------------------------
Trade Idea:
Buy Limit Order @ 128.79
Take Profit @ 129.45
Stop Loss @ 128.47
Trade Safely 🙂
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