Eurjpytrade
EURJPY. The price of Euro makes a comeback.Hello dear subscribers!
The price of the Euro fell sharply in 2 months due to the pandemic.
A small flag pattern is visible on the chart
and as soon as the price reaches the level of 117.500 you could buy,
because the price will rise to the target at a key level.
Good luck to you.
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This idea does not provide the financial advice.
EURJPY- Potential Move Buy ___
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EURJPY Quick Buy MovePrice is at a monthly level 116.315 and looks ready to reverse currenty still on a downtrend but the previous candles show long wicks and a loss of momentum as they get closer to the bottom of this SR area. This will be taken as a DRC so in order to enter long, price will need to break the trend line and retest of monthly SR area 116.315. Price could reverse back down and continue its downtrend but we have approached the swing low with no recent pullbacks of this area. Before Entries I will jump down to the smaller timeframe to confirm bullish momentum. Keep it Simple Stupid
LONG EURJPY & MARKET 117.05 12:17 22/04/202011I've been watching EURJPY as its approached a significant trend line and this line has now broken and with the aid of several 200 sma on maller time frames supporting - this looks a reasonable BUY trade.
My in-house indicator is also flagging this as a moderate BUY.
I have a STOP at 166.66 and a TAKE PROFIT at 118.26.
EUR is mildly BULLISH across the board so I'm hoping I can get this trade to BREAK EVEN to lock in a free trade.
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POTENTIAL BULLISH PULLBACK BEFORE SELL OFF EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level invalidates this pattern.#=
No more than 2% risk should be taken.