InvestMate

πŸ’± Is it time for the Euro? πŸ’± InvestMate

Long
InvestMate Updated   
FX:EURJPY   Euro / Japanese Yen
πŸ’± Is it time for the Euro?

πŸ’± For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels.

πŸ’± Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude.

πŸ’± Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150

πŸ’± The stop was set below today's upward candle.

πŸ’± As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result.

πŸš€ If you like my analysis leave a like and follow my profile πŸš€
Comment:
Beautiful bump! worth watching.
Trade active:
Euro pays well πŸš€
Comment:
EURJPY struggles to target

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