gave breakout few weeks ago but consolidated afterward and now it has tested the support.
there is too good risk rewar ratio here
sl - 1.17350
tgt - take as much as you can
Price first acted as resistance and broke through it and retested as a support which is a typical textbook trade. Moreover the sma's are indicating that the trend is bullish on the higher timeframe.
EURJPY is in an uptrend which may bring in many buyers at the retracement zone when it creates higher low. However, when the support breaks, it may be a potential chance for a sell as there is a clear traffic on the left which may be reflected on the right too causing a mirror image. However if the price breaks above the resistance, there will be a potential entry...
GBPJPY is looking for great buying opportunity to make a to the upside & has the decency RR to make some decent profit. Always stick with risk management & then make entry.
AUDCAD is looking for a great buying opportunity to take the move to the upside & has the high probability to reach at the top after forming descending channel on 4h timeframe.
After the long correction on USDCHF for a week, now is the best time to go for long also has the chances to reach at 0.95700 & to make some decent profits for this month.
