EUR/JPY had been struggling with a Falling Resistance the past couple weeks and to end last week, gave us a HUGE play back above the Support Zone and that Falling Resistance to what looks like is giving us a Cup & Handle Scenario!
-My Buy Entry Zone, the "Handle" is not only Fib'd but also finds itself as the potential area where price will Retest the Break of Trend-line!
-BUY-
{ SL } 156.708
{ ENTRY } 157.302 - 157.153
{ TP } 159.750
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
-My Buy Entry Zone, the "Handle" is not only Fib'd but also finds itself as the potential area where price will Retest the Break of Trend-line!
-BUY-
{ SL } 156.708
{ ENTRY } 157.302 - 157.153
{ TP } 159.750
*TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!*
Trade active:
Buy Entry - 157.360
Comment:
www.tradingview.com/...iddle-east-tensions/
