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MrJunaidShahid
Aug 17, 2021 10:15 AM

EURJPY | Technical Analysis Long

FX:EURJPY240
Euro Fx/Japanese YenFXCM

Description

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  • EUR news is positive
  • Bearish momentum losing power in 4H channel
  • MACD Crossover buy signal approx. nearby
  • Stoch Oversold & Buy signal
  • Doji in 4HR
  • Down Channel Support & Resistance is formed


Current TP is @129, if breakout happen next TP will be 130
SL 128.4, below the strongest support 128.45.

Comment

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Unfortunately, SL hit, but SL is still with bottom support line.
Analysis is still valid until breakout.
Trend Analysistecnicalanalysis
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