EUR/JPY (BUY) Piero Fernandes
Updated
We are close to the top of the channel on the daily chart, see the image below:
https://drive.google.com/file/d/1e_7nvalr4ALrDyvLLPPc1SLSd_9eci_S/view?usp=sharing
In H1 we see accumulation around 132,000 but with higher priced funds.
I believe that we can expect a breakout of this level quite strongly in the next few hours, reaching the top of the daily channel.
It is a trade that needs attention as the 132,600 region may show signs of a trend reversal in oscillating indicators and a new selling opportunity for an average period.
https://drive.google.com/file/d/1e_7nvalr4ALrDyvLLPPc1SLSd_9eci_S/view?usp=sharing
In H1 we see accumulation around 132,000 but with higher priced funds.
I believe that we can expect a breakout of this level quite strongly in the next few hours, reaching the top of the daily channel.
It is a trade that needs attention as the 132,600 region may show signs of a trend reversal in oscillating indicators and a new selling opportunity for an average period.
- D = Resistance + Channel
H1 = Continuation of trend
Order = Buy
Entry price = 132,000
Target Profit = 132,600
Stop Loss = 131,600
Expected duration = 1 to 2 days
Trade closed: target reached
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