EURJPY has the perfect setup for the long side almost forming consolidation to the move to the upside. All need the risk management with 1-2% of the total account for a nice risk entry, for the potential move to the upside.
EURJPY is going to breakout of a tightening range. Trade the breakout, whichever way it breaks.
Tp 1.2% on each side to breakout.
Don't forget to take partial profit and move Sl to Be after getting 1:1 R profit. Thats sound money managment.
FX:EURJPY
As you can see that, EURJPY has crated a Inverted Head and Shoulder Pattern in 1Hr Time Frame and Retest also happening, Take entry at buy side if the high of the candle is breached. Plan your trade accordingly....
Keep a close eye! EURJPY near to Fibo 61.8 level + Demand zone + Strong SR trendline - All 3 points meeting up
Perfect setup for Entry on Fibo 61.8 level
When it comes to the technical analysis of EURJPY , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to...
