EUR/JPY has bounced off this resistance yet again. If you’re aggressive on the entry as I am 117.617 is your entry. With targets at the 38.2% fib retracement area (118.413).
And stops just below the previous swing low at 117.40 for an amazing risk reward ratio.
Otherwise wait for the break of the top trend line on the 1 hour chart for the upward movement confirmation. You’ll have a larger risk but more assurance on your position.
And stops just below the previous swing low at 117.40 for an amazing risk reward ratio.
Otherwise wait for the break of the top trend line on the 1 hour chart for the upward movement confirmation. You’ll have a larger risk but more assurance on your position.
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.
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.