Buy EUR/JPY Head & Shoulder Pattern

26 Jul

The EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 169.38
2nd Support – 171.10

Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.

Best Regards, KABHI FOREX TRADING
Thank you.

26 Jul

Trade aktif