EUR/JPY restructure into an ascending channel

3 gru 2024

Hi guys, we will be looking again in the EUR/JPY Pair as it has broken it's structure quite heavily compared to my previous analysis. Currently we have two options because the pair has dropped towards the lower support level, which we find big amount of support coming in from the buyers.

Option 1 - Entry from the current price with two targets :

Target 1 : 159.453
Target 2 : 162. 500

After the 2nd target is reached we should be fully in the ascending pattern then we would revisit with new targets towards the upper resistance

Option 2 - Entry at 155.300 when we physically touch the strong support level and then enter in a full on ascending / bull trend all the way to 162.500

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!

6 gru 2024

Uwaga

Target 1 has been reached, congratulations to the participants!

0.10 volume in lot - 100.39$ gained profit
0.50 volume in lot - 501.95$ gained profit
1 volume in lot - 1,003.90$ gained profit
5 volume in lot - 5,019.50$ gained profit

The Euro has shown some weakness, so we are still in anticipation to check on the 2nd target. As always my friends happy trading!

19 gru 2024

Transakcja zamknięta: osiągnięto wyznaczony cel

Both targets have been smashed 700 pips collected here +-

0.10 volume in lot - 289.90$ gained profit
0.50 volume in lot - 1,449.63$ gained profit
1 volume in lot - 2,899.23$ gained profit
5 volume in lot - 14,496.44$ gained profit