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ShinForex1
Jan 26, 2023 4:30 PM

EUR/JPY Massive Buy setup 400 Pips Long

Euro Fx/Japanese YenFXCM

Description

So when you look at weekly and daily timeframe we notice price action being support at support level, and forming double bottom in daily, as we move to h4 and h1 we see minor break of neckline indicating a transition to upward trend, we wait for a nice confirmation in lower timeframe like M30 to see break of minor neckline and nice retest and nice candlestick to indicate a continuation



Nice risk to reward


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Thank you
Comments
ibrar550
there is Japan CPI tonight so this ideal is potentially not valid
ShinForex1
@ibrar550, well depend on the situation, you could wait until the new is out and get a clear direction
ibrar550
@ShinForex1 yep most of the jpy pairs are currently oscillating in swing areas
ShinForex1
@ibrar550, yeah lets see.
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