EUR/JPY is displaying signs of Bullish Momentum.
POTENTIAL TRADE: EUR/JPY
I am looking to enter long on this currency pair for the following reasons:
- We have managed to break-out of the down-trend formation, and we are now in bullish market structure.
- Price is re-testing previous support structure, many buyers have placed buy limits at this price zone.
- Price is currently testing the right shoulder as part of the head and shoulder reversal formation.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
I am looking to enter long on this currency pair for the following reasons:
- We have managed to break-out of the down-trend formation, and we are now in bullish market structure.
- Price is re-testing previous support structure, many buyers have placed buy limits at this price zone.
- Price is currently testing the right shoulder as part of the head and shoulder reversal formation.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.