Is EURJPY likely to continue upwards to 130.987?
EURJPY weekly chart has rejected the bearish candle from the support level at 124.583.
On daily, after two rejection candles it's testing the next level.
At 4 hourly chart the price action is consolidating just below 127.131. If the level is broken, there is a likelihood of this trade going up all the way to 130.987 with TP1 @ 127.644, TP2@ 128.076, TP3@ 129.361 and TP4 @ 130.987.
Stop loss just below last swing.
I have placed a buy stop order and waiting for the trade to trigger off.
RP
On daily, after two rejection candles it's testing the next level.
At 4 hourly chart the price action is consolidating just below 127.131. If the level is broken, there is a likelihood of this trade going up all the way to 130.987 with TP1 @ 127.644, TP2@ 128.076, TP3@ 129.361 and TP4 @ 130.987.
Stop loss just below last swing.
I have placed a buy stop order and waiting for the trade to trigger off.
RP
Start now, take one step at a time towards achieving your vision, and never give up on reaching your goal
Daniel Martin
Daniel Martin
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.
Start now, take one step at a time towards achieving your vision, and never give up on reaching your goal
Daniel Martin
Daniel Martin
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.