Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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EURJPY STILL STRONG. đź“š
👉As we can see price is still overall bullish trading inside this rising channel making clean higher highs and higher lows, Meanwhile, price is now in a clean correction movement.
👉Moreover, price is approaching an interesting zone, rising trendline this might clearly hold the price up, lining up with our demand zone, previous highs and lows, Where we are interested in looking for new longs, and as per my trading plan, I will be zooming into lower time frame to be looking for any bullish reversal setups.
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and as usual follow your trading plan and manage your risk.
The demand zone looks solid, as the price has respected it multiple times in the past. The rising trendline support might suggest some bullish momentum coming to the market. I suspect the price is above the Ichimoku Cloud, which is also a good sign of bullish momentum. Let's see how this plays out. Nice analysis!
Hadi_karaali
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Thank you @ICmarkets for your contribution,appreciated. Absolutely, i agree with the same view you mentioned🙏 let's see how it goes 👍