Looking a good opportunity on buy side.Ensure that you use proper risk management with given Stop Loss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
There is a possibility of the uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
EURJPY is in a range bound and the beginning of uptrend is expected.
The price is above the 50 & 200 EMA.
The RSI near 50.
TP1= @ 123.595
Risk reward ratio = 1 : 1.23...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=117.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...