EURJPY 122.73 -0.04 LONG IDEA * TREND CONTINUATION PATTNS
Good Day Everyone
Here's an idea on the EURJPY a look from the from the 1H chart definitely looking at it short term, the pair has been in a uptrend after successfully hitting the double top and rejected from support now resistance level 122.492, the pair rallied in an uptrend hitting HH & LL on its way up in a ascending channel structure respecting the structure still, now we see we are in a consolidation mode range bound even though the pair hit its 3rd HH looking for continuation of the trend on the pair but if you are on this one definitely look out for reversal patterns and significant moves to the downside which will change the whole idea on the pair. expecting a push own before rise so lets see how it goes
Good luck and happy trading everyone
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
Here's an idea on the EURJPY a look from the from the 1H chart definitely looking at it short term, the pair has been in a uptrend after successfully hitting the double top and rejected from support now resistance level 122.492, the pair rallied in an uptrend hitting HH & LL on its way up in a ascending channel structure respecting the structure still, now we see we are in a consolidation mode range bound even though the pair hit its 3rd HH looking for continuation of the trend on the pair but if you are on this one definitely look out for reversal patterns and significant moves to the downside which will change the whole idea on the pair. expecting a push own before rise so lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section.
Trade active:
False breakout and once again a rejection from level 122.498, The trade is now active and we pushed up if you took this one adjust your SL just below the FTR and hold risk free...
Trade closed: target reached
