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Sep 23, 2022 2:58 AM

EUR/JPY Long Trade Long

Euro Fx/Japanese YenFXCM

Description

Hey Guys!

The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63.

However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for

the weekly bias to revert back to long so I can take a long entry.

In this post I explain the reasoning behind the long entry as well as what I'll be looking for, for the long entry.

That's it! I'll keep you guys updated!

Ken
Comments
Oluwapelumi_moses
What if price breaks the previous low ?
TradingForexPriceAction
@oluwapelumioly, Even if price gets past the prior low, I am still willing to take a long entry as long as lower confimation forms.
TradingForexPriceAction
Let me know if you have any questions! I don't bite!
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