Eurjpylong
EURJPY D1After hitting the bottom of the canal, it will reach a level of support and we expect the Saudi trend to resume.
But we have to wait and see how he reacts when he hits the bottom of the canal. If there are 2 or 4 daily candlesticks on the floor of the channel, we propagate again to the next level as shown in the chart.
Transaction entry range : 132.000 - 132.200
stop lost : 131.600
take profit : 136.680
This is a personal analysis and be careful when entering into a transaction and also check the economic news.
However, when entering the trade, use the price action method and candlestick patterns.
Best Regards
EURJPY Idea / Long OpportunityPrice isn't ready to drop just yet IMO.. key resistance is at 137.100 so until then... BUY THE DIPS
Looking for any reversal signals to go long on this pair.. If price continues to drop then I am waiting for a bounce off of the trendline to continue the bullish move to the top