EURJPY: Buy Opportunities
The market can be added to a watchlist as it will be able to give buy opportunities during the next week. The price reached the 1st support at 117.00, and we can expect a reversal signal. If the market continues the downward movement, the 2nd support will be at 116.00, where we also will be able to get a reversal signal.
Search for exact entry points using the daily and hourly charts. Stop orders must be placed below the local swing low. The profit targets can be at SMAs and the downtrend line.
Don't forget about proper money management. Risk per trade should be no more than 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Search for exact entry points using the daily and hourly charts. Stop orders must be placed below the local swing low. The profit targets can be at SMAs and the downtrend line.
Don't forget about proper money management. Risk per trade should be no more than 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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