Hello Everyone !
Below we have EUR/JPY pair on a LONG Possibility, Price has been breaking the 4H Trendline with a Strong BULLISH Engulfing Candle. Since have created a Higher High we will be Patient to wait for the Price to Re-test the support & Most Likely Create a Higher Low where we would find the Opportunity to take a Trade with a pretty Nice R:R.We will be Monitoring The Price once Market Opens for Confirmations in Lower Time-frames to Validate Our Setup.
Extra Note : Daily Candle Closed Nicely & Convincing BULLISH Engulfing Candle.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!
Below we have EUR/JPY pair on a LONG Possibility, Price has been breaking the 4H Trendline with a Strong BULLISH Engulfing Candle. Since have created a Higher High we will be Patient to wait for the Price to Re-test the support & Most Likely Create a Higher Low where we would find the Opportunity to take a Trade with a pretty Nice R:R.We will be Monitoring The Price once Market Opens for Confirmations in Lower Time-frames to Validate Our Setup.
Extra Note : Daily Candle Closed Nicely & Convincing BULLISH Engulfing Candle.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!