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PipsMatter
Nov 6, 2018 10:30 AM

EURJPY DAY TRADE IDEA | Buy > Then Sell Long

Euro Fx/Japanese YenFXCM

Description

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.
Comments
FXCM
thanks for sharing this, I agree with your bullish idea on EURUSD and ichimoku cloud is also showing signs of bullish bias.
PipsMatter
@FXCM-EDU, Cheers! I've been bearish on USD since yesterday! looking good! Glad you commented! - happy trading!
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