PipsMatter

EURJPY DAY TRADE IDEA | Buy > Then Sell

Long
FX:EURJPY   Euro / Japanese Yen
I'm looking to take this one up and then down.

The play looks good.

3 higher highs trying to be completed with in this possible rising wedge.

Price action should find support sometime soon and recover some pips.

I expect the US Congress elections to weaken the USD which should push safe heven assets higher, such as JPY and Gold.

But that should happen later, based on my technical analysis.

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