LONG - EURJPY (D) (28 May 2023)
Position Trade - EURJPY
In longer term outlook, I am looking for BUY since price breaks historical high in the Monthly Chart
In the Monthly Chart,
- Strong up-trending candles are formed
In the Weekly Chart,
- If price exhausts before rallying up again, I am expecting to buy from the Weekly zone (CP)
For smaller risks, I am also looking for BUYS in the Daily chart.
- There are 2 Daily Demand zones to buy from.
However, if price breaks the price and goes higher again, then we will re-evaluate and find BUY zones once a new Demand zone is formed.
In longer term outlook, I am looking for BUY since price breaks historical high in the Monthly Chart
In the Monthly Chart,
- Strong up-trending candles are formed
In the Weekly Chart,
- If price exhausts before rallying up again, I am expecting to buy from the Weekly zone (CP)
For smaller risks, I am also looking for BUYS in the Daily chart.
- There are 2 Daily Demand zones to buy from.
However, if price breaks the price and goes higher again, then we will re-evaluate and find BUY zones once a new Demand zone is formed.
Note
A pending BUY limit order in the D1 chart has been placed on 1 Jun 2023Note
This analysis will be archived and a new one will be done.
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