EURJPY Long Order
EURJPY - Long Trend Swing
Pros;
Weekly & Monthly - clear bullis breaks of resistance -BULLISH
- Linear trend with strong bullish momentum
- All 3 emas above eachother, 8, 21, 50 & price above these
- Tight box range, potential continuation of the strong
bullish pressure after compression
- Daily: Doji at resistance turned support
- Good RR of 1:5
Cons:
Potential whipsaw - however entry & stop placed
above and below box range to prevent this happening
Pros;
Weekly & Monthly - clear bullis breaks of resistance -BULLISH
- Linear trend with strong bullish momentum
- All 3 emas above eachother, 8, 21, 50 & price above these
- Tight box range, potential continuation of the strong
bullish pressure after compression
- Daily: Doji at resistance turned support
- Good RR of 1:5
Cons:
Potential whipsaw - however entry & stop placed
above and below box range to prevent this happening
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