BUY/LONG ZONE (GREEN): 161.550 - 166.700
DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550
SELL/SHORT ZONE (RED): 155.710 - 159.750
Monthly: Bullish
Weekly: Bullish
Daily: Bullish
4H: Bullish
Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next...
EURJPY has been in a long-term upward trend since the start of the year, reaching a new 15-year high of 159.75 on August 31. The price has been trading without a clear direction around 158.00 since then.
The bulls could aim for the 15-year high of 159.75 if the sideways pattern breaks to the upside at 161.00. The pair could reach fresh multi-year highs if it...
Two converging trendlines now forming a triangle. I guess ive missed my entry. Would look forward to see if price comes back to my resistance trendline. However,im bearish on EURJPY
EURJPY is taking support at the support line and making lower high as you can see in the chart. If it breaks the down trendline 1, we might see EURJPY move towards the down trendline. 2. As pair is trading at trend line 1, it has a high chance of moving towards trend line 2. One can initiate a long position on EURJPY if breakout on the upside from trend line...
