EUR/YEN Continues to play ball and deliver. The Bullish momentum likely to continue post range. Over the last ten days it has been largely predictable. Many confluences coming together nicely. Just my idea, not a trade signal. Happy charting. Keep your charts simple and clear. You don't need bell and whistles. ( Just a tip :)
A long for the week is what I'm thinking on this one. My targets are not far off now . This pair have been ranging along a key price point for over a week now. And I'm looking for a breakout to the upside due to strong support and multiple confluences. Just an idea so please give feedback if you like. And happy trading.
React on trigger only. Cut short when close is above 129.06 or keep it if below to enjoy more profit.
There is a trendline in the resistant zone (128.00-128.30) area which is indicating us to have a short entry from there. The Upper TL is acting as a resistant. So a short trade recommended. Entry can be around 128.00 - 128.30 with an SL of 128.50-60. I'll target 125.00
Details are on the chart
Double bottom reversed market up intraday. Once above downtrend close your short above 129 and book profit