18/12/2020 EUR / JPY long
18/12/2020 EUR / JPY
Daily
-Since 2012, the up trendline still going up tightly which, weekly candles checked only couple times in 8 years .
4H
-Mid-term sideway movement or ranging zone that started in early December has just broken up.
H1
-Current price is checking the previous resistance level of 126.60 by pullback.
[Reason for trading]
-Chart bounced former resistance, which now turned out to be supporting level. (bullish signal)
GOING LONG
ENTRY = 126,700
TP1 = 127,780
TP2 = 130
SL = 126,335
Daily
-Since 2012, the up trendline still going up tightly which, weekly candles checked only couple times in 8 years .
4H
-Mid-term sideway movement or ranging zone that started in early December has just broken up.
H1
-Current price is checking the previous resistance level of 126.60 by pullback.
[Reason for trading]
-Chart bounced former resistance, which now turned out to be supporting level. (bullish signal)
GOING LONG
ENTRY = 126,700
TP1 = 127,780
TP2 = 130
SL = 126,335
TEMUUJIN
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