ARFXC
Long

Long on EUR/JPY BUY BUY BUY

FX:EURJPY   Euro Fx/Japanese Yen
10 months ago
Reasons For

-We formed a triangle formation having multipale bounces on either side
-We broke to the upside
-We have got our retest which is key in my strategy and has put in bullish movement
-Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside

Daily
-We can see 3 bullish candles we are in the direction of the momentum which is key
-Todays candle is looking like it will form a bullish hammer (Sign of bullishness)
-Lots of long wicks too the downside which signifies more buying pressure

Weekly
-Price 2 weeks ago put in a doji
-Last week price put in a bullish engulfing
-On weekly timeframes when a engulfing happens it is a strong confluence
-All these signs identify for me a strong buy setup :)

My entry 128.465
10 months ago
Trade closed: target reached

Related Ideas

swisse1
10 months ago
Nice setup agree with everything you stated in your setup :)
welldone keep it up
Reply
LeviEvans
10 months ago
Looking great definitely looking bullish
Reply
Ryanwollacott
10 months ago
Looks a good setup! Another profitable trade I hope
Reply
tjcfx
10 months ago
Traded based on your setups many times and they've rarely been wrong. Looks like this one will be another blow out winner, agree with everything you stated too.
Reply
TradingFX1234
10 months ago
Thankyou made 150 pips on this setup
:)
Reply
breeJy
10 months ago
Beautiful setup
Reply
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