TradingView
TraderAvDM
May 30, 2019 6:35 AM

EURJPY Bounced off Trend Line: POTENTIAL BUY Long

Euro Fx/Japanese YenFXCM

Description

EURJPY has bounced off the descending TREND LINE along with the formation of a DOJI Candlestick which indicates there could be a recovery in EJ prices near term.
Hence, traders can look for BUY entries as long as price stays above the Trend Line between 121.80-122.10 with SL below the Trend Line. TPs can be set at 122.80 and 123.50 respectively.
More