On EURJPY pair, price is currently stuck at the Daily 50 Moving Average (blue curve on the chart). There is a good possibility of bouncing up from here but I believe it will still complete a triangle and present a good option for buying with short SL.
If a 50 Daily MA is broken and price moves down, that for me is a good sign for a triangle completion and further rebound. If price breaks, moves down and retraces to Daily 50 MA before heading to 112 area, possibly a downtrend on EUR is confirmed and we should wait for a confirmation before buying.
However, I will surely try to play shorts first after the 50 Daily MA is broken and then will buy 2*0.25 lots at 112.50.
SL. 111.50
TP1: 115.30
TP2: 121
TP3: 123
If a 50 Daily MA is broken and price moves down, that for me is a good sign for a triangle completion and further rebound. If price breaks, moves down and retraces to Daily 50 MA before heading to 112 area, possibly a downtrend on EUR is confirmed and we should wait for a confirmation before buying.
However, I will surely try to play shorts first after the 50 Daily MA is broken and then will buy 2*0.25 lots at 112.50.
SL. 111.50
TP1: 115.30
TP2: 121
TP3: 123
Bình luận:
Some uncertantity days but it is finally getting to the entry point
Bình luận:
Arrived to the entry point. I´m pretty caucious with EUR now as it is in a clear downtrend. No divergences on major timeframes make me think this can go even lower. Waiting for a bullish impulse on 1H/4H TF to join longs. Otherwise, I will trade it in a completely opposite direction
Giao dịch đang hoạt động:
Bounced from the bottom. Lets see which direction it takes. For now, Just moved my long to breakeven
Bình luận:
115.50 is a crucial value now
Giao dịch được đóng thủ công:
Rejected by the triangle again. Trade closed
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
