#EURJPY 130 pips on the way! The last day of the month then the technical analysis will focus on it, The graph above shows a Hammer Candlestick, What is a Hammer Candlestick? the lower shadow is at least twice the size of the real body, How can I use that?
Since this usually appears as a sign of a reversal, we will also become buyers.
Notice that the last drop has stopped exactly on the support of the Ichimoku cloud that it reinforces our model.
Buy EUR/JPY:
Entry Price: 126.10
Stop Loss:124.50
take Profit: 129.70
