rluu92

EURJPY Weekly Income Analysis S&D

FX:EURJPY   Euro / Japanese Yen
HTF             - Weekly - Curve = Price is currently low on curve, looking to buy
ITF - Daily - Trend is currently up = HH, LH, HH, LH
STF - 4H - Levels of demand/supply

Looking from the big picture, price is currently low on the curve which indicates prices are at wholesale (buying). Will buy on pullbacks into 4hr demand zones. Trend is currently up, however if the level on level breaks (137.507) then possible trend reversal. Can buy in the green background, but when reaching equilibrium (yellow background) start to take profits off before the ITF supply zone at 138.841. In equilibrium, you can sell only from big picture supply zones. In the red background, you can sell from those big picture supply zones. Always look for a minimum 3:1 target.

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