EJ Long
Updated
INTRADAY IDEA
⭐️Daily: Price is in a strong uptrend and it is creating clear higher lows. It also breaks and retest a strong daily level (127.500).
⭐️H4: Price is here creating clear higher highs and higher lows that can hold together by a bullish channel. We can also notice that, after the last higher low (02/05), price was unable to creates another one. This can be considered a sign of buyer power. Daily level (128.500) is been broken so, for now, we can expect a retest and continuation of the trend.
⭐️H1: We can look for a possible retest on 61,8% Fibonacci's level that also meet a good s&d zone and the bullish trendline. If the trade will be validated, we have to pay attention at the channel's resistance and then, if this one will break, we will have so much space to continue higher.
JPY is so weak this week so we have more probabilities for this long idea.
NEWS TO CHECK:
🐂 No news to check today, price has already done it's "news movement" (8am CET)
🙏🏼 Namasté
⭐️Daily: Price is in a strong uptrend and it is creating clear higher lows. It also breaks and retest a strong daily level (127.500).
⭐️H4: Price is here creating clear higher highs and higher lows that can hold together by a bullish channel. We can also notice that, after the last higher low (02/05), price was unable to creates another one. This can be considered a sign of buyer power. Daily level (128.500) is been broken so, for now, we can expect a retest and continuation of the trend.
⭐️H1: We can look for a possible retest on 61,8% Fibonacci's level that also meet a good s&d zone and the bullish trendline. If the trade will be validated, we have to pay attention at the channel's resistance and then, if this one will break, we will have so much space to continue higher.
JPY is so weak this week so we have more probabilities for this long idea.
NEWS TO CHECK:
🐂 No news to check today, price has already done it's "news movement" (8am CET)
🙏🏼 Namasté
Comment
Right now I find a new zone, a stronger one. I'm talking about 127.900 so I DELETE my order for this analysis. If price react to the zone I've mentioned, I will do a brand new analysis.Comment
Trade closed: target reached
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