EURJPY
Timeframe: H4
Direction: Short
Confluences for Trade:
- Price Action at Resistance of Parallel Channel
- Price Action bouncing off 50 EMA line
- Stochastics close Overbought momentum
- Fundamentally, jittery concerns about EU's disapproval of Italy's budget plan; JPY likely to gain with such issues and adding on Jamal Khashoggi's death creating tension between USA and Saudi.
Suggested Trade:
Entry @ Area of Interest 129.55 - 130.23
SL: 130.54
TP: 127.52
RR: Approx. 2.05 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Timeframe: H4
Direction: Short
Confluences for Trade:
- Price Action at Resistance of Parallel Channel
- Price Action bouncing off 50 EMA line
- Stochastics close Overbought momentum
- Fundamentally, jittery concerns about EU's disapproval of Italy's budget plan; JPY likely to gain with such issues and adding on Jamal Khashoggi's death creating tension between USA and Saudi.
Suggested Trade:
Entry @ Area of Interest 129.55 - 130.23
SL: 130.54
TP: 127.52
RR: Approx. 2.05 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Trade closed: target reached:
Although we closed off the trade earlier, the price action still reached our targeted area.
Good job everyone! :D
Good job everyone! :D
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FX @ GoMarkets bit.ly/GoMarketsFX
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Twitter Follow @ x.com/weekendanalyst
Twitter Community @ bit.ly/TweetAway
DM me to analyze any pair. :D
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