EUR/JPY - First steps into correction, getting back on track!
Hi guys we are looking over at EUR/JPY , we had a huge swing to the lower end and a very very strong support area. We can see the RSI has crumbled but ended up formulating an Ascending Channel which we will follow into revaulation towards the 159 area.
Entry: 156.550
Target 1: 157.380
Target 2: 158.150
Target 3: 159.100
SL: 155.100
RR is sitting at 1:4!
Tell me below in the comments what is your opinion on this trade? Will the Hawkish BoJ interfere and push this further down?
Entry: 156.550
Target 1: 157.380
Target 2: 158.150
Target 3: 159.100
SL: 155.100
RR is sitting at 1:4!
Tell me below in the comments what is your opinion on this trade? Will the Hawkish BoJ interfere and push this further down?
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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.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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.