Analysis of #EURJPY
Hi traders, today we will have a look at #EURJPY
If you look at the chart here as you can see we are at the daily time frame and I can see immediately that we have a strong structure support level just near the 138.00 area as you can see traders pushed the market up from there at this level
So I think the market may come and test structure support again, and if the market actually tests this zone I will drop a one-time frame for the one-hour time frame to look for a reversal pattern to confirm the market is turning bullish before getting a buy trade
as you can see this move is not difficult the market has done it twice to the upside and then back to the downside, 400 pips may come again and provide another 400 pips
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #EURJPY
If you look at the chart here as you can see we are at the daily time frame and I can see immediately that we have a strong structure support level just near the 138.00 area as you can see traders pushed the market up from there at this level
So I think the market may come and test structure support again, and if the market actually tests this zone I will drop a one-time frame for the one-hour time frame to look for a reversal pattern to confirm the market is turning bullish before getting a buy trade
as you can see this move is not difficult the market has done it twice to the upside and then back to the downside, 400 pips may come again and provide another 400 pips
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
