EURJPY Long Opportunity Price has made a Breakout of the Falling Resistance of the Pennant Pattern it has been forming the past couple of weeks.
The Breakout meets all the requirements needed to be validated as a True Breakout!
With Price trading above the 200 EMA, this adds more confirmation that the Bulls are in-control and we can reasonably expect to see price move to the Upside.
At the Start of the Following Hour ( 09:00 CST ), I will enter a Long Position on
EURJPY with my SL below the Retest of the Break!Trade active
Long Positioned Opened @ 09:00 CST
Entry @ 162.636
SL @162.29
Note
Bulls are finding Support @ the 23.6% Fib Level
Note
Another Long Opportunity for
EURJPY if Bulls can push past the Resistance @ 163Note
EURJPY Bulls were able to push through the 163 Resistance Level and Close!Price now is showing support from this level with excellent Bullish Volume therefore I have added Long Positions!
Long Entry @ 163
SL @ 162.83
TP @ 164
Trade closed manually
With the Positive results for Toyko Core CPI, ( 2.4% Actual, 2.2% Previous ) we see JPY gain some strength and with this, some choppy price action.So to secure what profits have been made, I'll be closing all Long entries now!
"An investment in knowledge will pay the best interest." - B. Franklin
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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.
"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.