Hi guys !!
Today we are looking at Euro on Japanese Yen on a 4h chart.
Since June 2017 we have been looking at a strong uptrend with an absolute top on the 2nd of this month at 137,946. Ever since we've been going in a downtrend , currently hanging on 132,822. Personally, I would make 2 trades. From now on just until it touches 131,939 and take profit the first time. Secondly from now just until 131,194 and take profit there for the second time. Afterwards I think it will continue testing the resistance line and the support(2) line until.
Hope you can take some profits here.
Today we are looking at Euro on Japanese Yen on a 4h chart.
Since June 2017 we have been looking at a strong uptrend with an absolute top on the 2nd of this month at 137,946. Ever since we've been going in a downtrend , currently hanging on 132,822. Personally, I would make 2 trades. From now on just until it touches 131,939 and take profit the first time. Secondly from now just until 131,194 and take profit there for the second time. Afterwards I think it will continue testing the resistance line and the support(2) line until.
Hope you can take some profits here.