EURJPY LONG for wave 3 4 & 5
Analysis:
I've seen EURJPY bounce off a significant reversal area on the daily .
It has created/in the process of creating a wave 1 of Wave 5
Hypothesis:
I am looking for a wave 2 pullback to the orange dotted line, where I have indicated by the blue arrow. (fib confluence area)
Price should bounce from this area and create its wave 3 of wave 5.
I plan to hold throughout the 5 waves of wave 3 and possibly beyond.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
I've seen EURJPY bounce off a significant reversal area on the daily .
It has created/in the process of creating a wave 1 of Wave 5
Hypothesis:
I am looking for a wave 2 pullback to the orange dotted line, where I have indicated by the blue arrow. (fib confluence area)
Price should bounce from this area and create its wave 3 of wave 5.
I plan to hold throughout the 5 waves of wave 3 and possibly beyond.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.