EURJPY Long on 4H
EXY has been observed Bullish on 4H whereas JXY is observed Bearish on the same TF. Therefore we have established a Long bias on EURJPY.
Upon inspection of
H price chart of EURJPY, it has been printing HHs and HLs and started consolidating near recent HL. However, the pair is likely to resume the uptrend based on overall chart assesment.
It may also be observed that the recent HL has been printed in the Golden Pocket of 50-61.8% fib.
A long entry is planned on upward break of resistance level at 173.003-173.493. RRR of 1:1 is set. Entry, SL and TP have been proportionately marked on chart.
Upon inspection of
H price chart of EURJPY, it has been printing HHs and HLs and started consolidating near recent HL. However, the pair is likely to resume the uptrend based on overall chart assesment.It may also be observed that the recent HL has been printed in the Golden Pocket of 50-61.8% fib.
A long entry is planned on upward break of resistance level at 173.003-173.493. RRR of 1:1 is set. Entry, SL and TP have been proportionately marked on chart.
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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.