EURJPY - Will The Bullish Rally Hold?

2023年7月26日

Analysis:

• Strong upwards trend (bullish confluence factor)
  
• 50% fib retracement touch (bullish confluence factor)
  
• Upwards trendline touch (bullish confluence factor)
  
• EUR strongest major currency (bullish confluence factor)
  
• JPY weakest major currency (bullish confluence factor)
  
• 40K long position increase for the EUR (bullish confluence factor)
  
• 27K short position decrease for the JPY (bearish confluence factor)
  

Comment:
Price has been heading higher and higher for ages and now we finally have a chance to enter. Lets see if this bullish rally will continue.

Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team

Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

2023年7月26日

交易开始

Our entry requirements have been met and our order has been filled. We are currently long on this pair wanting to see this bullish rally continue higher.

2023年7月27日

交易结束：到达止损

Trade Closed
(-1R) Lost
After Trade Comments:
This was another trade that we had which was affected by the bearish news that came out for the EUR. Earlier today we did see price looks as if it was going to hold our area and head to the upside, however in the end we saw price head to the downside and stop us out. Like our other trade that got stopped out today we didn't do anything wrong and this trade was fully to plan so there isn't anything to look over here. We're still in profit for the week, thanks to our high average risk to reward and we know our edge so we're just going to let it play out and we will be profitable in the end.

Stay Safe - The JPI Team