USDJPY - Breakout- Long - H1USDJPY - Breakout- Long - H1
BUY Breakout @ 107.80
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Entry: 107.80 | Stoploss: 107.50 | Takeprofit1: 108.35 |
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
If you like this idea please click the like button to support this channel, thanks.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
EJ1!
EurJpy Continues to DropPlease see chart notations. This is a continuation of a previously published chart. Pitchforks are drawn on trend changes marked with The Larks LMA indicator. The last LMA trend change marked allowed for the upward pitchfork to be drawn. Current price is still within the green bullish price action box but will continue to sell off and slide to the 137.45 price level due to a large gap which needs to be filled. Once this gap is filled we will have an opportunity to see who takes control of the pair, the bulls or bears. I see the 136.40 handle as the final line in the sand. If the bears take control, the bearish target of 133.20 handle will most certainly be considered a high probability.
Very bullish case for EUR/JPYHere I show how near term price action will breach 137.83 area and fill two Bullish Gap areas created by dominant Bears. On the contrary, if Bears still dominate price action, a short term bearish target is illustrated.