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Mankz
13 May 2019 01:40

EURJPY Heavy Divergence Between Price and Momentum... Alış

EUR/JPYOANDA

Açıklama

Analysis
-EURJPY looking bullish after showing signs of reversal. Sellers pushed down into support but buyers bought it back up before the daily candle close.
-The price action resulted in a very clean pinbar setup at support which is a bullish sign.
-On the 1H time frame, price looking to break the trendline to the upside.
-There is also strong bullish MACD divergence on the 1H time frame following a head and shoulders pattern which further eludes to price possibly moving higher in the coming days.
-The reward/risk is good for an entry on the break of the trendline (given the distance between daily S/R levels)

*Trade safe and at your own discretion!*
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