EURJPY 1H
*). After the choch: Monitor the market closely following the Change of Character (choch) event, which indicates a potential reversal or significant shift in market sentiment.
*). Expect a pullback to 168.490: Anticipate a price retracement to the level of 168.490. This pullback could present a buying opportunity or signal a temporary consolidation before the next move.
*). Look out for 170.000 as take profit: Set a take profit target at 170.000. This level serves as a strategic exit point to secure gains from the anticipated upward movement post-pullback.
Ensure to adjust these levels and strategies based on real-time market conditions and further analysis.
*). Expect a pullback to 168.490: Anticipate a price retracement to the level of 168.490. This pullback could present a buying opportunity or signal a temporary consolidation before the next move.
*). Look out for 170.000 as take profit: Set a take profit target at 170.000. This level serves as a strategic exit point to secure gains from the anticipated upward movement post-pullback.
Ensure to adjust these levels and strategies based on real-time market conditions and further analysis.
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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.