EUR/JPY has formed a perfect OLHC structure, indicating a potential buy setup. Buyers are expected to enter the market once we see a bullish TDI cross on the daily timeframe. Key confirmations include a bullish divergence and the OLHC structure on the daily chart. After the bullish TDI cross, the take profit target is set at 161.250.
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Trade closed: target reached
Target Reached
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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.