18/12/2020 EUR / JPY long
18/12/2020 EUR / JPY
Daily
-Since 2012, the up trendline still going up tightly which, weekly candles checked only couple times in 8 years .
4H
-Mid-term sideway movement or ranging zone that started in early December has just broken up.
H1
-Current price is checking the previous resistance level of 126.60 by pullback.
[Reason for trading]
-Chart bounced former resistance, which now turned out to be supporting level. (bullish signal)
GOING LONG
ENTRY = 126,700
TP1 = 127,780
TP2 = 130
SL = 126,335
Daily
-Since 2012, the up trendline still going up tightly which, weekly candles checked only couple times in 8 years .
4H
-Mid-term sideway movement or ranging zone that started in early December has just broken up.
H1
-Current price is checking the previous resistance level of 126.60 by pullback.
[Reason for trading]
-Chart bounced former resistance, which now turned out to be supporting level. (bullish signal)
GOING LONG
ENTRY = 126,700
TP1 = 127,780
TP2 = 130
SL = 126,335
TEMUUJIN
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.
TEMUUJIN
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.