EURJPY Intra Channel C & H
The EURO Yen may be forming a cup and handle formation , within an ascending channel, on the intraday chart.
If this is so , there should only be a shallow retracement to the handle , before an opportunity to go long.
1. Enter Long - around 122.50
2. Stop - 121.00 ( outside of .786 retracement of current swing and the supporting trendline)
3. Target - 1.2680 ( .618 extension of current swing)
4. RR = 3
If this is so , there should only be a shallow retracement to the handle , before an opportunity to go long.
1. Enter Long - around 122.50
2. Stop - 121.00 ( outside of .786 retracement of current swing and the supporting trendline)
3. Target - 1.2680 ( .618 extension of current swing)
4. RR = 3
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.