Near-term Bullish Bias on EURJPY
PAIR IN FOCUS: EURJPY
ACTION: LONG
Price has retraced to the 61.8 Fibonacci retracement level and bounced off. Adding on, a bullish engulfing candle on the Daily and H4 charting serves as a bullish trigger. A continuation of a retracement of a larger wave could continue on from here.
As usual, TP 2 is a medium-term view, and my near-term bullish bias on EURJPY have also been indicated on a previous analysis.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
ACTION: LONG
Price has retraced to the 61.8 Fibonacci retracement level and bounced off. Adding on, a bullish engulfing candle on the Daily and H4 charting serves as a bullish trigger. A continuation of a retracement of a larger wave could continue on from here.
As usual, TP 2 is a medium-term view, and my near-term bullish bias on EURJPY have also been indicated on a previous analysis.
TP 1, TP 2 and Stop Loss have been indicated on the chart.
Trade closed: stop reached
Stop Loss reached
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Related publications
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.