Excellent Long-Term Hunting Opportunity in EURJPY, Don't miss it

Midterm forecast:
.There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 134.40 would begin in Midterm.
.Price may also reach 134.40, if price reaches this level, we may enter by Daily-Trading-Opportunities.

Trading suggestion:
Price is in the Sell Zone (134.40 to 136.65), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (134.40)
.Ending of entry zone (136.65)

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 51.

Take Profits:
TP1= @ 133.25
TP2= @ 131.65
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free

Comentário:

TP1 HIT! ---> All SLs moved to Break-even.

Technical analysis:
.A trough is formed in daily chart at 134.15 on Tue, 01/30/2018, so more gains to more heights is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 39.

Close Profits:
TP1= @ 133.25

Take Profits:
TP2= @ 131.65
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free

Trade ativo:

TP2 HIT!!

Technical analysis:
.A peak is formed in daily chart at 137.50 on Fri, 02/02/2018, so more losses to support(s) 131.65, 129.65, 128.20 and more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 39.

Closed Profits:
TP1= @ 133.25
TP2= @ 131.65

Take Profits:
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free

Trade ativo:

TP3 HIT!!!

Closed Profits:
TP1= @ 133.25
TP2= @ 131.65
TP3= @ 129.65

Take Profits:
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free

Trade ativo:

EURJPY weekly update:Total profit 2270 pips in 45 days