Vnalyst

EURJPY, An ascending triangle ?!

Long
FX:EURJPY   Euro / Japanese Yen
hey traders, here is my full analysis for EURJPY
According to Vnalyst’s strategy i have these Buy signals in this time of market
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Trend ?
- major upward
- even intermediate upward (so we can't looking for a sell signal) :)
- and in near-term, i see ascending triangle so i expect some another bullish wave
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PRZ ?
- The price is currently stuck at our monthly pivot and price has tried several times to break this area, and the resistance of our area has decreased, so we can expect breakout !
so we know trend, and we find our PRZ, lets check momentum !
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Momentum ?
Honestly, in several different time frames, I see all kinds of signals of price energy drop, which isn't good news for our buyers (RSI, MACD, CCI)
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Ichimoku ?
The price reached Tenkan-Sen (Conversion Line) area in 4H, I expect to reach Kijun-Sen (Base Line) at least, after that may our next bullish wave start, the best point to enter in my opinion is when our Kijun-Sen (Base Line) starts to move up.
I looking/waiting for buy trigger in 15m time frame
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let me know in the comment section below if you have any questions or idea
thanks for your time guys
Be successful and rich !

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