The play on EURJPY's daily chart is very promising for both day and swing trading. The rewards can be impressive if price action continues heading higher.
We have 4 very good reasons to buy this pair technically and they are, the below can be seen on the daily chart)
1. 3 higher highs pattern
2. Bullish pin bar at trendline support
3. Breakout of bearish trend line
4. 30% reversal
The above patterns are pretty much my main trading patterns and I entered this trade on Friday with intentions to manage this trade as I am quite certain that in the coming trading sessions, or a few days, EURJPY should head above the 130.00 level and towards the 132.00 which is my ideal profit target, but that might take a little longer than 3 days.
I entered a 0.40 lot trade which can earn me over $1,150 and that will put me significantly close to my monthly profit target, which is $3,000 for November.
We have 4 very good reasons to buy this pair technically and they are, the below can be seen on the daily chart)
1. 3 higher highs pattern
2. Bullish pin bar at trendline support
3. Breakout of bearish trend line
4. 30% reversal
The above patterns are pretty much my main trading patterns and I entered this trade on Friday with intentions to manage this trade as I am quite certain that in the coming trading sessions, or a few days, EURJPY should head above the 130.00 level and towards the 132.00 which is my ideal profit target, but that might take a little longer than 3 days.
I entered a 0.40 lot trade which can earn me over $1,150 and that will put me significantly close to my monthly profit target, which is $3,000 for November.