Premier_FX

KEEP it SIMPLE!!!

Long
FX:EURJPY   Euro / Japanese Yen
Look how clean this chart is and how SIMPLE it is to understand! I really don't know why so many people insist on having 100s of indicators on charts where they cant even see what price is doing.

We can clearly see a strong support level here on the daily (125) and this is where i am looking at price hitting before more bullish moves up. Now price has already come within 10 pips of this level so could push up from here, if i see a key level like this then i will normally set an order to go live 10 pips before the level in question just in case price doesn't reach.

The level in question is strong support for the reason it has been used historically a number of times as support and resistance , recently breaking what was strong resistance so we then look for price to retest this level as support.

If you have any questions about trading then feel free to come have a chat.

Comments

Great trade bro 👍
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Premier_FX waqar032708
@waqar032708, Thanks, hope you caught a few pips.
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do we still expect EJ to go back up?
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Hi, is this analysis still valid?
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Premier_FX waqar032708
@waqar032708, Hello, yes i am personally in long trades, 125 has not been touched yet.
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waqar032708 waqar032708
do you have telegram?
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Premier_FX waqar032708
@waqar032708, Yes if you private message me on here please.
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