Euro looks set to reach new highs against the yen. Looking to stay long on this one for as the pair eyes 163.20, 164.8 ahead of NFP and other events. Eventually could make its way up to the 166.70 region if bulls keep bringin the steam.
Not much analysis to go over with this potential trade, we are currently trading within a range where the resistance is signifacntly strong meaning any bullish momentum beyond this could be a continuous move to the upside.
The key here is to watch out for potential fakeouts that we have seen over the past few trading days, the market is having a blast with...
The long position taken. The price broke a monthly resistance and also in Daily timeframe and 4H timeframe is bullish.
The TP is the level of komu. ( it is a conservative TP, cause I can put it on last week high).
R/R = 1:2.12
Looking for a quick 60 pips on EURJPY as I anticipate it to make a bullish push through it's current zone, to revisit the 2021 highs.
The 100 EMA offers support for price to move higher.
Hello traders and analysts,
Key:
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
Here is our original idea for Euro Japanese Yen back in December 2020.
Here is the weekly time frame of where the price imbalances are taking us:
At the current daily chart;
We are currently experiencing a great bullish momentum for the Euro,...
Entry --> 121.35
Stop Loss ---> 120.55
Take Profit--> 123.95
Risk/Reward --> 3.25
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.7
i am long a t 131.76 for target a pullback to 131.36 so is 60 pips is a short time trade
its largely oversold so a pullback of 60 pips need to come esily
also just on weekly support
enter at 131.76
Target 132.36
60pips gains
goof luck
