At the beginning of the second half of May, the instrument broke up the strong resistance 1.2177 and began to consolidate above this level.
Since the trend is upward, the price follows a growing channel, purchases are relevant at the moment.
At the end of last week, the currency pair made a false breakdown of 1.2177 and the week closed above the...
In early May, the price broke through the 1.400 support zone.
Thus, she left the growing channel. After fixing at the 1.403 support, the price continued to rise. It broke through the 1.409 support level. And it came to the resistance level 1.418. I expect a fall from this point.
The target is 1.409.
Overnight our strategy has presented a long trade on EURJPY
We are working the H1 time frame here with the script in use set to a take profit target off 95 pips.
Now I don't recommend jumping on random TradingView ideas as in my opinion that wouldn't be a consistent way to trade and there is no plan implemented.
Our strategy is a trend...
EURUSD H1 - Decluttered EURUSD a fair bit, if DXY double top holds, we should see EURUSD bounce. Pretty much mirror images of each other if you remember us mentioning this on one of the technical rundown videos.