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ShinForex1
Oct 17, 2023 11:56 AM

Eur/jpy Buy setup 230 Pips Long

Euro Fx/Japanese YenFXCM

Description

We are seeing aggressive buying power as market structure is still maintaining to upside

==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone

==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a continuation to upside


==> Nice risk to reward but keep an eye on the upper bound limit for rejection that can invalidate the setup

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