EURJPY H2: Best Levels to BUY/HOLD TP +150/+300 (SWING)(NEW)

16 בדצמ׳ 2022

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EURJPY H2: Best Levels to BUY/HOLD TP +150/+300 (SWING)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG since we are locked inside range with bullish BIAS.

🔸 Summary and potential trade setup
::: EURJPY 2hours/candle chart review
::: sequence of higher lows
::: technical setup: Bullish Ellipse setup
::: revised/updated outlook
::: REVISED/UPDATED to BULLISH OUTLOOK
::: short-term pullback in progress though
::: we hit fresh SUPPLY zone at 146.50
::: retail positioning in EURJPY
::: favors more mid-term losses now
::: 4 000 std lots short vs
::: 1 000 lots long
::: expecting correction MODE
::: BEARS will target 144.10-144.60
::: BULLS stay out / wait for better price
::: lower risk / recommended strategy
::: BUY DIPS / after correction near 144.10-60
::: FINAL TP BULLS is 147.50 final fresh supply zone
::: chart looks good but slow price action
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 144.40 fresh demand zone
::: 147.50 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: /RANGE/BEARS
::: Sentiment outlook mid-term: BULLS/147.50

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

16 בדצמ׳ 2022

הערה

GBPJPY H2: Best Levels to BUY IT TP +200/+400 (SL/TP)(SWING)