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Eurjpylong

⚡️EURJPY - BUY - 1 OCT⚡️Hello Traders!! I have analyzed EURJPY and this is my opinion -My technical analysis indicates a possible bullish setup -The risk to reward on this trade is 1:2 -It is closely related with GJ which is currently bullish ⚡️Exercise Good risk management⚡️ ⚡️ Split your position so you can partials as the move progresses⚡️ ⚡️Updates will be added on this post, stay tuned⚡️ Slick✨ Let me know what you think in the comment section
Long
by Slickpapi
EURJPY Dual-Direction AnalysisWait for confirmation on level 129.500 for buy/sell Overall Reasoning: - Level 129.500 has shown good reactions in the past (Scroll back to see) Sell Reasoning - Trend line was broken with a strong bullish push causing a S&D imbalance which is expected to be filled and retest trendline - Overall trend is still bearish (Unless price rejects level 129.500 and moves higher) - Wait for a break and retest of 129.500 level to sell. Buy Reasoning: - Price formed a long-term double bottom on level 128.000 - Broke previous lover high (Red), waiting on a retest. - If price retest level 129.500 with bullish confirmation, look to go long. (Aggressive) - Wait for a considerable retracement between 129.000-129.5000
by NoahXBorg
MM's daily technical analysis- 24.09.2021 Long EURJPYHi traders, As we have witnessed in the past few days, EURJPY retested resistance area 127.90-128.00 and encountered strong pushback pulling its price back to the 129.70. The strong upward momentum on the 23th of Sep creates a double bottom pattern for EURJPY and it is highly likely the end of a short term downward trend. My own trading system Clam has given a long signal so a trading idea has now established(live) to go long on EURJPY. It is possible for EURJPY to encounter resistance around 130.760 area and in that case, EURJPY may follow a channel pattern. In such circumstance profit may be cut earlier, but under current situation our TP is still set on 133.90 and further adjustment may be applied based on further market observation. OP: 129.638 TP: 133.90 SL: 127.890 RR: 2.55
Long
by IceColdMoneyMaker
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