EURJPY Trading Strategies

31 de dez. de 2022

Trading Strategy for EURJPY
Bullish Biases
1. The trend has stopped
making new LH
2. The long wick bullish
C/S are gaining momentum
for trend reversal.
3. The down trend is rejected
by significant support region.
4. The highlighted support region
at Fib level 0.236 is given repect
by the price action
5. Trend Reversal FALLING WEDGE
is another indication Bullish reversal.
6. Harmonic AB=CD completed and it
significant indication of bullish reversal.
7. RSI shows Bullish Diversion in the
making.

Trading Strategy for EURJPY
Bearish Biases
1. The trend is continously
LHs & LLs
2. The bearish C/S momentum
is giving respect to ascending
trend line.
3. The price action is facing
rejection by resistance at
Fib level 0.382.

Trade Plan Buy-Long
Entry 140 just above
LH & SL at 139 whereas
TP at 142 above previous
LH


Trade Plan Short-Sell
Entry at 139 just below
Fib resistance level
0.236 SL 141 previous
LH whereas TP 138
in view of RRR 1%