EURJPY Multi Month Plan
The euro has had a huge run up today. Mostly due to Stop Loss orders being triggered due to the lack of conviction of promises made which freaked the market out.
My Long term view is now a bullish. We have popped back inside the wedge formation on the short term and the weekly Trend Line has been holding so far. Im targeting a bullish break of the wedge formation and targeting the top of the channel on the weekly. Any Weakness should be considered a buying opportunity. There should be more than 2000 pips up for grabs. A break below 130 will trigger SL.
My Long term view is now a bullish. We have popped back inside the wedge formation on the short term and the weekly Trend Line has been holding so far. Im targeting a bullish break of the wedge formation and targeting the top of the channel on the weekly. Any Weakness should be considered a buying opportunity. There should be more than 2000 pips up for grabs. A break below 130 will trigger SL.
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