Extreme Bullish EUR/JPY
Updated
1. Swing Low Zone is tested with 3 times which makes this zone extremely strong. It's very unlikely break out this zone.
2. 3rd touch on Swing Low Zone has formed Morning Star Pattern candles which indicates the down trend is finished. The bulls is entering the market.
3. Sto-RSI indicates strong buy as well.
Note: Waiting for the trend to react on downtrend white line. Most likely the trend will break out this white trendline because the Morning Star Candles (Reversal Candles) are printed if the candle is valid. If not, we will see the bounce to the downside.
This entry is based on 1 hour time frame.
Entry $159.009
SL $158.20
TP 1 & TP2 (TP not set yet because waiting for reaction of the trend to the white trendline.)
2. 3rd touch on Swing Low Zone has formed Morning Star Pattern candles which indicates the down trend is finished. The bulls is entering the market.
3. Sto-RSI indicates strong buy as well.
Note: Waiting for the trend to react on downtrend white line. Most likely the trend will break out this white trendline because the Morning Star Candles (Reversal Candles) are printed if the candle is valid. If not, we will see the bounce to the downside.
This entry is based on 1 hour time frame.
Entry $159.009
SL $158.20
TP 1 & TP2 (TP not set yet because waiting for reaction of the trend to the white trendline.)
Order cancelled
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