As you can see price finally broke out of that consolidation period, we broke a previous high making new higher highs on multiple time frames, we run our fib from the push out of the consolidation area to the new high, the golden zone highlighted in yellow has multiple rejection indicating a push to the upside, aslo acting as a support level. We belive EUR/JPY...
Price is below the 50EMA & the Daily Resistance Zone with so far alot of buying pressure coming in for all of the EUR pairs.
Reason For Entry- Double Bottom, followed by Engulfing Candle indication of the counter-trend opportunity to go long
TP- 43 PIPS✅
TP2- 86 PIPS✅
EURUSD was doing exactly what I was hoping for. My analysis said, its going to have one more low. And it did. I closed it for profit, it was £1400.- on this trade.
Later on today will do a video on my channel, how I managed to get this trade and what my thought process was.
Will do a bigger EURUSD analysis on this pair because the upside...
CADCHF forming a nice pattern which could go two ways really. Im in the buy from the arrow and hoping I can make a nice Friday gain on this trade. If its a good one, will do a video on it and you could watch it on my channel.
I set my SL in a reasonable price so if its goes against me, I will deal with it.
Stay tune for update.