For more Excellent daily analysis, please go ahead and like/follow for professional perspective charts.
Here we have our EURJPY chart.
We are looking long for the following reasons;
Strong support level and previous rejection zone - As highlighted you can see where price has previously bounced off. This is a price level that traders want to move up from, as resistance becomes new support.
Our stochastic oscillator is at oversold and is very low.
Price has fallen back far and it is now cheap. This is why we are now buying. We buy low and sell high.
Our target is indicated by the arrow drawn.
Here we have our EURJPY chart.
We are looking long for the following reasons;
Strong support level and previous rejection zone - As highlighted you can see where price has previously bounced off. This is a price level that traders want to move up from, as resistance becomes new support.
Our stochastic oscillator is at oversold and is very low.
Price has fallen back far and it is now cheap. This is why we are now buying. We buy low and sell high.
Our target is indicated by the arrow drawn.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.