TradingView
TradingShot
9 de Ago. de 2022 15:03

EURJPY keeps following our plan. Strong buy ahead. Largo

EURO / JAPANESE YENICE

Descripción

The EURJPY pair has been trading exactly as the plan we first posted here a month ago:



As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May - October 2020. As a result, when the 1D MA50 (blue trend-line) breaks, our target will be the Resistance Zone (144.00) with a long-term extension 150.00.



--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------
Más