Ejlong
EURJPY LONG { COUNTER TREND TRADING - DAY TRADING STRATEGY] EURJPY
EJ 1D -
Simple harmonic movement. Overall trend is uptrend. Currently price is making retracement. However, there is a SBR formation in 131.00 brn zone. Price might shift from uptrend to downtrend. Anyway, current price at 130.000 BRN level, also a fresh RBS zone.
We can consider counter trend and target to 131 retracement.
EJ 4H -
Bearish momentum getting weaker. It's time to look for buy opportunity.
Target buy limit @ 129.90
SL @ 129.40
TP 130.90
RRR at least 1: 2
Trade at your own risk
Green Moon makes Wolfie Money EURJPYAwhoooooooooooooooooooooooooooo!
Are you ready for a trip to the Green moon? Yes?! Fantastic!
Slap on your calls and give yourself plenty of margin room for choppy water, this ride may be very bumpy!
However I firmly stick by my view and trade that i am holding long for the next couple of weeks here.
It's long until it isn't! ;)