PAIR IN FOCUS: EURJPY
ACTION: LONG
Price has retraced to the 61.8 Fibonacci retracement level and bounced off. Adding on, a bullish engulfing candle on the Daily and H4 charting serves as a bullish trigger. A continuation of a retracement of a larger wave could continue on from here.
As usual, TP 2 is a medium-term view, and my near-term bullish bias on EURJPY have also been indicated on a previous analysis.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
ACTION: LONG
Price has retraced to the 61.8 Fibonacci retracement level and bounced off. Adding on, a bullish engulfing candle on the Daily and H4 charting serves as a bullish trigger. A continuation of a retracement of a larger wave could continue on from here.
As usual, TP 2 is a medium-term view, and my near-term bullish bias on EURJPY have also been indicated on a previous analysis.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
Trade closed: stop reached:
Stop Loss reached
