EURJPY analysis
this chart contains information for short term traders and longer term, be careful to not over leverage and trade safe.
Bullish
-The trend is up, no doubt about it,
-not really seeing a buying opportunity other than a potential breakout of the triangle.
-we do still have an incomplete channel breakout, its initial target is 144.37 which is still open and that could then lead the way to the 155 region.
Neutral
- we have a triangle on the 15 minute that is about to breakout, could go either direction. Probably the up and coming news will cause the breakout.
Bearish
- We are at a level of resistance that we put up a few months back.
- The MACD on the 4h is saying that this is a good chance for a pullback.
- when we do start going down use the fibb lines for a good target area, look for a previous support zone.
anyways, good luck and green pips to all.
Bullish
-The trend is up, no doubt about it,
-not really seeing a buying opportunity other than a potential breakout of the triangle.
-we do still have an incomplete channel breakout, its initial target is 144.37 which is still open and that could then lead the way to the 155 region.
Neutral
- we have a triangle on the 15 minute that is about to breakout, could go either direction. Probably the up and coming news will cause the breakout.
Bearish
- We are at a level of resistance that we put up a few months back.
- The MACD on the 4h is saying that this is a good chance for a pullback.
- when we do start going down use the fibb lines for a good target area, look for a previous support zone.
anyways, good luck and green pips to all.
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