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Traderscope
Jul 25, 2018 6:28 PM

EURJPY - Buy opportunity on daily trendline Long

Euro Fx/Japanese YenFXCM

Description

EURJPY is currently on a trendline daily. Probabilities for a rebound are high.

My trade idea is:
Entry: 129.70
SL: 129.35
TP: 130.50

Happy trading!

Trade active

Stop loss moved at 129.72.

Comment

Stop hit at breakeven +2 pips
Make a new shot with a buy at market price.

Entry: 129.60
SL: 129.35
TP: 130.50

Trade closed: stop reached

Comments
emar_jm
emar_jm
lapin_eliott
for more than one year the seller/buyer bias was with a majority of sellers, which expresses bullishness as it is an opportunity for big players to slaugher the counterparties positions. there has been only two moments where this rate was with a majority of buyers, 1) when it hit 137 ... and we saw what happened 2) exactly right now so ...
more precisely the buyer rate has increased of 25% in 3 days (extremely rare impulse !), it expresses that the market has captured again a lot of buying interest and will start its work of destroying these positions
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