EURJPY Buy Idea Based On Multi-timeframe Analysis
D1 - Bullish rally followed by a correction in the form of two waves to the downside.
Price reached the key support zone formed by the 38.2% - 50% fibonacci retracement zone, respected it and bounced higher.
Bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern.
Until the strong support zone holds I expect the price to continue higher further.
Price reached the key support zone formed by the 38.2% - 50% fibonacci retracement zone, respected it and bounced higher.
Bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern.
Until the strong support zone holds I expect the price to continue higher further.
Comment:
The price action followed my analysis here and the bullish move that I was looking for happened as expected, delivering an excellent move to the upside!