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EURJPY LONG

Alış
FX:EURJPY   Euro / Japon Yeni
Possible upward movement of the pair. We enter in favor of the bullish continuation ABC flat wave pattern projection with a bounce up to the 55 period EMA on the 4 hour time frame. On the 1 hour chart we see the price in a trading zone with significant volume; the bullish directionality of the movement is presented in the Squeeze Momentum indicator and the MACD histogram, accompanied by the loss of strength of the previous bearish movement. We also see a buy signal on the MACD lines. RSI also with positive slope. I think I could go looking for areas of higher volume or upper bound of the range. I would expect a quick move and if not, it would be better to cancel.

Feragatname

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