Hello mate good afternoon. welcome to my trading journal. hope you are all doing well in the forex trading. today i got some good trading opportunity in the market. like gold, silver, gbpjpy,eurusd and eurjpy buy trade. but i do not have big balance so i do not take all entry here. i just open buy trade on the eurjpy pair mate. now i want to give explanation for my reason for by in this eurjpy pair.
Buying Reason For EURJPY Pair:
If we see the price of the eurjpy then we can see this price break the daily time frame resistance level and now its come to the retest on the breaking level 125.40 level area. from this level we got bullish candle confirmation from the H4 chart and its give us chance to go for buy here.On the other hand if we see the h4 chart then we can see here the price touch the trendline support and its going up. so i take buy entry on this market from the 125.60 level area. i set my target 126.40 level area. Hope the price will go up and it will continue bullish movement from this level.
Details analysis on the chart and best wishes for the eurjpy trader.
Buying Reason For EURJPY Pair:
If we see the price of the eurjpy then we can see this price break the daily time frame resistance level and now its come to the retest on the breaking level 125.40 level area. from this level we got bullish candle confirmation from the H4 chart and its give us chance to go for buy here.On the other hand if we see the h4 chart then we can see here the price touch the trendline support and its going up. so i take buy entry on this market from the 125.60 level area. i set my target 126.40 level area. Hope the price will go up and it will continue bullish movement from this level.
Details analysis on the chart and best wishes for the eurjpy trader.