HersonLR

EURJPY Idea - First Analysis - (Done at closed market)

FX:EURJPY   Euro / Japanese Yen
It is based on technical analysis, using resistance and support lines, and reversal areas, to depict strong points in the market. The market has been in an upward trend, but stuck (like consolidation) between a floor and a ceiling. If the market breaks any of the two lines, the we have two/three entries. The first entry is based if the market breaks the ceiling, and after a pullback, continuous in the upward trend strongly. The second entry is if the market breaks the floor, and after a pullback, has a change of tendency downwards. If neither of these are fulfilled, there will be no entry point for me.
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