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VladimirRibakov

EURJPY Buy Idea

Short
Euro / Japanese Yen (OANDA:EURJPY)  
VladimirRibakov  
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis EURJPY buy Bullish Patterns Parallel Channel Bullish Divergence falsebreak bullishconvergence
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trendanalysis chartpattern waveanalysis eurjpy buy bullish parallelchannel bullishdivergence falsebreak bullishconvergence
W1 - Price reached the bottom of the channel and is moving higher, bullish divergence.

D1 - Bullish divergence, false breaks, currently the price has created higher highs thus forming a bullish convergence.

We may now look for pullbacks and buys with bullish evidences.

H4 - We have a bearish divergence, until the last low holds, we may look to buy retraces with bullish evidences.
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