EURJPY Supertrade Daily Entry - 50 to 1 Win vs Risk !!Hello all - DuncanForex here with a Trade idea.
Based on the bullish pin bar printed on the monthly chart in Jan 2019. Over the past 6 months , price has retraced to the 50% to 61.8% area.
You will see on the daily chart it has made higher highs and higher lows and just now printed a daily bullish pin bar.
On the daily chart - you could get a 9 to 1 trade - up to the most recent highs. If you enter on the 4 our chart you could get a near 20 to 1.
Based on the monthly chart - with a Fibonacci extension, I think there is a possibility of EURJPY getting to the 150.00 area over the next 1 to 2 years.
I will be taking 5 entries at varying price levels and look to take it up to the 127 area initially - then after consolidation and break outs, look to then trade it again higher.
This is analysis and a trade idea all wrapped up into one .
Thanks for looking at my idea
My website is not far away now
Thanks
Duncan
