EURJPY Hitting strong support, price may bounce soon.
Price hitting the support which tend to hold since 9 october. Therefore price tend to bounce higher then to break the support, as we can see the support tend to hold, then breakdown and go up again.
RR Ratio 2.5:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
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RR Ratio 2.5:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Note
Price breakout the previous resistance, retest. We can long now if you think the RR ratio is acceptable.Trade closed: stop reached
Price break the support, exit trade.
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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.