I've taken a long position on EUR/JPY. This trade is based on a trend-following strategy, with a strong reaction seen on the daily chart at a support level, indicating a potential reversal. Additionally, the 1-hour chart shows a double bottom pattern, and the neckline has already broken. I'm now waiting for a retest to enter the trade. Entry: 158.59 Stop Loss: 158.125 Targets: 159.26, 159.57, and 159.87
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.