EURJPY buy limit
- EURJPY has broken above the resistance of 129.880 and touched the level of 130.680 since mid-August. Both signify an overall uptrend.
- The correction from early September could possibly end at the 0.236 fib level and give rise to an inverted head and shoulders.
- Stop loss is set at the bottom of descending channel. But if the price breaks below the level of 128.530 substantially, I think it could head back down towards 125.400.
Trade closed manually
Stopped at entry.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.