patsedge

patsedge

Similar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.

patsedge

I personally believe that the price, as indicated, will experience a pullback in the area of 159.650 because there we have significant support, which is highly likely to be tested again. Of course, it cannot be said how far the price will rise after the touch or after my entry, but I am very confident that a pullback will occur precisely there.

patsedge

When examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute...