๐ฑ Is it time for the Euro?
๐ฑ For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels.
๐ฑ Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude.
๐ฑ Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150
๐ฑ The stop was set below today's upward candle.
๐ฑ As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result.
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