We expect to buy this pair EURJPY because of a strong bullish pressure existing in the market currently. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
Hello Dear Traders,
You find below my analysis for EUR/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/JPY will rise to 130.2 as I am showing in my chart. Our Daily Goal is 130.4 .
Currently, EUR/JPY is moving towards the support level of 129.6 where there is some liquidity, from this value...
As I said last weeks...If we make a parallel between the chart on a week and one month we can see as EJ Pattern Pattern formed since 2018!
In the 1 week chart we observed that this is a very important area for EJ's near future ... if you see in the left circle, any closure even for 1 day over the green line means an imminent climb in the 137,300 area
This is the result of the analysis I made on 12th February, 2021.
Price eventually broke out of the supply zone, retested and is going higher.
What do you think?
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Trading Involves High...
We have just entered a long position on EURJPY. We are currently working off a 4hr and a 1day time frame. If the trade doesn't play out by the market closure later then we will look at manually closing out of this trade to prevent running any trades over the weekend.