EURJPY buy set up - Daily chart
Daily chart, buy from support zone which sits around 122.530 and 122.570. Target for this trade is up to resistance trend line. Market currently on a downtrend for a bounce of Support that has numerous touches making it very strong reversal point for the market. This trade will last minimum half a month and can go on for a few months. Look after your free margin, unless you only trade this. If you have multiple trades then it’s best to cut them down to a few depending on your balance.
Potential trade between 340pips-280pips. Depending on when the market reaches the target zone.
Daily chart, buy from support zone which sits around 122.530 and 122.570. Target for this trade is up to resistance trend line. Market currently on a downtrend for a bounce of Support that has numerous touches making it very strong reversal point for the market. This trade will last minimum half a month and can go on for a few months. Look after your free margin, unless you only trade this. If you have multiple trades then it’s best to cut them down to a few depending on your balance.
Potential trade between 340pips-280pips. Depending on when the market reaches the target zone.
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