Why I Think EURJPY Will Continue To Buy
Hey Rich Friends,
I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at.
- The candles have already tapped into and rejected a previous demand zone
- The candles have close above the 50 EMA and 200 EMA
- The momentum indicator is facing up, but not yet above 0. You can wait for this signal
- The STOCH is facing up, the blue line is above the orange line and both lines have crossed above the 20 line, which I see as a signal for an uptrend
My SL is set below a previous low and my TPs will be above previous high since this is a buying trend. Great luck with your trades this week.
Peace and Profits - Cha
I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at.
- The candles have already tapped into and rejected a previous demand zone
- The candles have close above the 50 EMA and 200 EMA
- The momentum indicator is facing up, but not yet above 0. You can wait for this signal
- The STOCH is facing up, the blue line is above the orange line and both lines have crossed above the 20 line, which I see as a signal for an uptrend
My SL is set below a previous low and my TPs will be above previous high since this is a buying trend. Great luck with your trades this week.
Peace and Profits - Cha
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