EURJPY-Update: 3 Wave Target Hit #Forex
Traders,
UPDATE: Price has moved extremely well since last posting this pair (see related ideas). Price has hit target level. You can take profits, or wait and see if price extends further to the highs.
Previous analysis: Nice bullish engulfing signal at a corrective level after a bullish impulse leg and correction. Expecting a nice upside from here, to the highs of the range. Looks very strong and had nice bullish follow through. Price broke sideways resistance, showing the engulfing gave the necessaray propulsion needed to break the resistance. Expecting this to be a bull impulse leg to the highs of the range.
I hope you have a tested trading strategy to trade this move when it starts
Thank you for your support
UPDATE: Price has moved extremely well since last posting this pair (see related ideas). Price has hit target level. You can take profits, or wait and see if price extends further to the highs.
Previous analysis: Nice bullish engulfing signal at a corrective level after a bullish impulse leg and correction. Expecting a nice upside from here, to the highs of the range. Looks very strong and had nice bullish follow through. Price broke sideways resistance, showing the engulfing gave the necessaray propulsion needed to break the resistance. Expecting this to be a bull impulse leg to the highs of the range.
I hope you have a tested trading strategy to trade this move when it starts
Thank you for your support
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.