Hello everyone,
We are waiting for our ALERT to go off in order for us to enter this trade but we are confident that the EUR will continue moving in a bullish momentum allowing us to reach a previous level.
Trading Set-Up:
EURJPY = BUY NOW
SL: 123.498 (80 PIPS)
TP1: 125.355 (104 PIPS)
TP2: 126.022 (172 PIPS)
TP3: 126.648 (235 PIPS)
If you are new to FOREX trading, here is the definition for words you may see mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities , or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance, and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where the price tends to reverse after a sell-off (lower price action)
Resistance: Areas in the market where the price tends to stop, pause or reverse after the bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs Long: Taking a position to buy the base currency
Short/Bearish: Taking a position to sell the base currency.
Long/Bullish: Taking a position to sell the base currency.
We are waiting for our ALERT to go off in order for us to enter this trade but we are confident that the EUR will continue moving in a bullish momentum allowing us to reach a previous level.
Trading Set-Up:
EURJPY = BUY NOW
SL: 123.498 (80 PIPS)
TP1: 125.355 (104 PIPS)
TP2: 126.022 (172 PIPS)
TP3: 126.648 (235 PIPS)
If you are new to FOREX trading, here is the definition for words you may see mentioned above.
Price Action: Change in the price value of a traded instrument whether Forex, Commodities , or Indices.
Market Structure: This is classified as any group of candlesticks placed together with the use of Support, Resistance, and Trendlines . once grouped they would provide a pattern to indicate a possible movement in price action.
Support: Areas in the market where the price tends to reverse after a sell-off (lower price action)
Resistance: Areas in the market where the price tends to stop, pause or reverse after the bull run (higher price action)
Uptrend: price action in the market creating a series of high highs and higher lows.
Downtrend: price action creating a series of lower lows and lower highs Long: Taking a position to buy the base currency
Short/Bearish: Taking a position to sell the base currency.
Long/Bullish: Taking a position to sell the base currency.