EURJPY

EURJPY newly broken resistance line on the Daily chart with a short retracement then failed to break the new support line.

The price was then rejected at the newly formed support.

The circled area made it a perfect opportunity to enter the trade, but a smaller retracement after the initial breakout is common which could present a new opportunity to enter with a buy position.

Reasonably big SL to give the price room to breath before we see a heavy increase of bullish power towards the pair.
Harmonic PatternsTechnical IndicatorsTrend Analysis

免責聲明