Hi everyone, with the next trading week coming up, and market opening tomorrow, here is a trade idea I've got for you guys.
EURJPY Long
Fundamentals:
EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish
JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the first week of January 2020, JPY is bearish
Technicals:
I do see a good entry point here, retraced to 61.8% level, getting rejected a little bit, so all depends how market opens tomorrow on Sunday, might be a good addition.
As always, I might make mistakes, nothing is 100% so please be sure to comment your opinion so we can discuss. I am open to any discussions and any opinions.
EURJPY Long
Fundamentals:
EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish
JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the first week of January 2020, JPY is bearish
Technicals:
I do see a good entry point here, retraced to 61.8% level, getting rejected a little bit, so all depends how market opens tomorrow on Sunday, might be a good addition.
As always, I might make mistakes, nothing is 100% so please be sure to comment your opinion so we can discuss. I am open to any discussions and any opinions.
Trade closed: target reached