Don't forget to hit like and leave comment down below! π
Hello traders!
Here are my thoughts on EUR/JPY.
As we can see on the weekly chart below, price is in nice and healthy uptrend, creating HH's and HL's while also staying above 50 MA.
On the daily, we can see a nice break of structure. After that, a retracement from resistance occurred. This is a great trade for break and re-test traders like myself. Please, wait till price closes above resistance and wait for confirmation of re-test level!
ππTrends:
β³ Weekly- Bullish
βοΈ Daily- Bullish
π£ Purple zone - Weekly key level
π΅ Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Donβt forget to let me know your opinion on this in the comment section below! π¬ Sharing is caring! π¨βπ©βπ§βπ¦
Have a wonderful and profitable day! β€οΈ
- ProfitalzTrading
Hello traders!
Here are my thoughts on EUR/JPY.
As we can see on the weekly chart below, price is in nice and healthy uptrend, creating HH's and HL's while also staying above 50 MA.
On the daily, we can see a nice break of structure. After that, a retracement from resistance occurred. This is a great trade for break and re-test traders like myself. Please, wait till price closes above resistance and wait for confirmation of re-test level!
ππTrends:
β³ Weekly- Bullish
βοΈ Daily- Bullish
π£ Purple zone - Weekly key level
π΅ Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Donβt forget to let me know your opinion on this in the comment section below! π¬ Sharing is caring! π¨βπ©βπ§βπ¦
Have a wonderful and profitable day! β€οΈ
- ProfitalzTrading