EURJPY 15M Time To Buy:
Support at 168.300: When a price finds support at a specific level, it indicates that the downward momentum is being countered by buying interest. This often results from historical price action, psychological factors, or fundamental reasons that make this level significant to traders.The support level acts as a floor, preventing the price from falling further unless significant selling pressure occurs.
Volume: Check the trading volume around the support level. Higher volume at 168.300 reinforces the strength of the support.
Entry Point: Consider entering a long position near the support level of 168.300.
Stop-Loss: Place a stop-loss slightly below the support level to manage risk if the support fails.
Take Profit: Set a take-profit order close to the expected target of 169.050.