EUR/JPY (BUY) Piero Fernandes
We are close to the top of the channel on the daily chart, see the image below:
https://drive.google.com/file/d/1e_7nvalr4ALrDyvLLPPc1SLSd_9eci_S/view?usp=sharing
In H1 we see accumulation around 132,000 but with higher priced funds.
I believe that we can expect a breakout of this level quite strongly in the next few hours, reaching the top of the daily channel.
It is a trade that needs attention as the 132,600 region may show signs of a trend reversal in oscillating indicators and a new selling opportunity for an average period.
https://drive.google.com/file/d/1e_7nvalr4ALrDyvLLPPc1SLSd_9eci_S/view?usp=sharing
In H1 we see accumulation around 132,000 but with higher priced funds.
I believe that we can expect a breakout of this level quite strongly in the next few hours, reaching the top of the daily channel.
It is a trade that needs attention as the 132,600 region may show signs of a trend reversal in oscillating indicators and a new selling opportunity for an average period.
- D = Resistance + Channel
H1 = Continuation of trend
Order = Buy
Entry price = 132,000
Target Profit = 132,600
Stop Loss = 131,600
Expected duration = 1 to 2 days
Trade closed: target reached
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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.