3nchev

EUR/JPY "Trend is your friend" = Lose money

FX:EURJPY   Euro / Japanese Yen
87 0 4
Strong Downtrend , Strong Sellers around descending trendline . However , we're above Monthly Support and price can find Bulls. I'm not a seller , no matter that the trend is down. I will look for longs if we can push above Daily Lows and hold above them , maybe will wait for Daily/4h close above. If risk/reward is good , I will get in long.
Comment: First Target , Weekly Resistance
Comment: Sellers can come around Descending trendline and Weekly Resistance, however they can fail to push prices below Monthly Support and then we can see strong bullishness through trendline and higher. A lot of price action needed before we can see this scenario.
Trade closed: target reached: Weekly Resistance thank you :)
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