Get started
Shivam_93

EUR/JPY Long Setup

Long
Euro / Japanese Yen (FX:EURJPY)  
Shivam_93 Updated   
FX:EURJPY   Euro / Japanese Yen
Support and Resistance Fibonacci Multiple Time Frame Analysis euro japaneseyen retracement rejection
2
0
supportandresistance fibonacci mtfa euro japaneseyen retracement rejection
- EMAs crossover on the H1.
- 38.2 fibonacci level fulfilled, retracement could be over and EUR/JPY should fly and form a new higher high towards 134.00 region.
- Daily support level of 131.81 has held up and price has rejected this on the D1.
- Both EMAs acting as a dynamic support on the H4.
Trade closed: stop reached:
Momentum was still bearish, daily support didn't hold up
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.