G'day, Guys. Do you guys generate good profit so far?
Today we going to analyse EURJPY (EURO vs JAPANESE YEN) also known as cross-currency pair.
Basically, EURJPY (EJ) was rejected at a strong support level (128.009). Personally, I expecting the price gonna break the strong support level but at the same time, we have to watch out for hidden divergence that might build up in 4 hours time frame.
Breaking descending resistance trendline, we have to change our perspective into long positions. My current decision is to wait for triple confirmation before making any trade on this pair.
Let's see what gonna happen next. "Dance with the Market" Cheers
Today we going to analyse EURJPY (EURO vs JAPANESE YEN) also known as cross-currency pair.
Basically, EURJPY (EJ) was rejected at a strong support level (128.009). Personally, I expecting the price gonna break the strong support level but at the same time, we have to watch out for hidden divergence that might build up in 4 hours time frame.
Breaking descending resistance trendline, we have to change our perspective into long positions. My current decision is to wait for triple confirmation before making any trade on this pair.
Let's see what gonna happen next. "Dance with the Market" Cheers