Position Trade - EURJPY
In longer term outlook, I am looking for BUY since price breaks historical high in the Monthly Chart
In the Monthly Chart,
- Strong up-trending candles are formed
In the Weekly Chart,
- If price exhausts before rallying up again, I am expecting to buy from the Weekly zone (CP)
For smaller risks, I am also looking for BUYS in the Daily chart.
- There are 2 Daily Demand zones to buy from.
However, if price breaks the price and goes higher again, then we will re-evaluate and find BUY zones once a new Demand zone is formed.
In longer term outlook, I am looking for BUY since price breaks historical high in the Monthly Chart
In the Monthly Chart,
- Strong up-trending candles are formed
In the Weekly Chart,
- If price exhausts before rallying up again, I am expecting to buy from the Weekly zone (CP)
For smaller risks, I am also looking for BUYS in the Daily chart.
- There are 2 Daily Demand zones to buy from.
However, if price breaks the price and goes higher again, then we will re-evaluate and find BUY zones once a new Demand zone is formed.
Note
A pending BUY limit order in the D1 chart has been placed on 1 Jun 2023Note
This analysis will be archived and a new one will be done.
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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.