Welcome traders!
Let's take a look at EURJPY.
There's a possible buy opportunity as we have strong trendline support that has been tested multiple times, indicating a possible bullish reaction soon.
If the trendline support breaks, we could see a strong move down. so look for confirmation first, like double bottom or bullish candle formation
Keep an eye on the price action near the support level and wait for confirmation of before entering a long position.
Don't forget to follow, like, and comment for more analysis!
Let's take a look at EURJPY.
There's a possible buy opportunity as we have strong trendline support that has been tested multiple times, indicating a possible bullish reaction soon.
If the trendline support breaks, we could see a strong move down. so look for confirmation first, like double bottom or bullish candle formation
Keep an eye on the price action near the support level and wait for confirmation of before entering a long position.
Don't forget to follow, like, and comment for more analysis!
Note
the market provided a double bottom on the lower time frame and rallied up more than 200 pips, congrats 
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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.
Related publications
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.