Hello everyone,
On a 1h chart we have a pretty good signal for buy Eur/Jpy.
First of all we have a very good testing of resistance line a couple of day which finally have broken and after a days of testing it.
Ema of 21 and Ema of 50 are under it and Ema of 21 make crossover over Ema of 50 that is make a good signal for buy who likes to trade with crossovers.
We have also a three rising method and in last candle of bear, we have a inverted hammer with bullish engulfing after it.
Risk buy will be to go enter now after this whole of good signal but if you wanna a extra confirmation a prefer a break of triangle upside.
I am expecting a break in a early asian session because Joe Biden is now president of USA which is in the main mission of his campain to regain a good relationship with EU.
We know that Trump and Merkel had a pretty cold relationship because he had jugded whole EU for a whole BREXIT deal.
WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
On a 1h chart we have a pretty good signal for buy Eur/Jpy.
First of all we have a very good testing of resistance line a couple of day which finally have broken and after a days of testing it.
Ema of 21 and Ema of 50 are under it and Ema of 21 make crossover over Ema of 50 that is make a good signal for buy who likes to trade with crossovers.
We have also a three rising method and in last candle of bear, we have a inverted hammer with bullish engulfing after it.
Risk buy will be to go enter now after this whole of good signal but if you wanna a extra confirmation a prefer a break of triangle upside.
I am expecting a break in a early asian session because Joe Biden is now president of USA which is in the main mission of his campain to regain a good relationship with EU.
We know that Trump and Merkel had a pretty cold relationship because he had jugded whole EU for a whole BREXIT deal.
WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.