The image is a technical analysis chart for the EUR/JPY currency pair on a 3-hour timeframe. Here’s a breakdown of the analysis:
Key Elements of the Chart:
1. Support & Resistance Levels:
A resistance level is marked near 161.100.
A support zone is highlighted in purple around the 160.820 - 161.100 area.
A stop-loss level is indicated below 160.820, around 160.259.
2. Exponential Moving Averages (EMA):
200 EMA (Blue Line): 161.100, indicating a long-term trend support.
30 EMA (Red Line): 161.889, representing a short-term trend resistance.
3. Trade Setup:
The price is currently testing the support zone.
A potential long entry (buy position) is anticipated if price bounces from the support level.
Target Point (Take Profit) is set at 164.241.
Risk-
Key Elements of the Chart:
1. Support & Resistance Levels:
A resistance level is marked near 161.100.
A support zone is highlighted in purple around the 160.820 - 161.100 area.
A stop-loss level is indicated below 160.820, around 160.259.
2. Exponential Moving Averages (EMA):
200 EMA (Blue Line): 161.100, indicating a long-term trend support.
30 EMA (Red Line): 161.889, representing a short-term trend resistance.
3. Trade Setup:
The price is currently testing the support zone.
A potential long entry (buy position) is anticipated if price bounces from the support level.
Target Point (Take Profit) is set at 164.241.
Risk-
Trade closed: target reached
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.