Trading Strategy for EURJPY Bullish Biases 1. The trend has stopped making new LH 2. The long wick bullish C/S are gaining momentum for trend reversal. 3. The down trend is rejected by significant support region. 4. The highlighted support region at Fib level 0.236 is given repect by the price action 5. Trend Reversal FALLING WEDGE is another indication Bullish reversal. 6. Harmonic AB=CD completed and it significant indication of bullish reversal. 7. RSI shows Bullish Diversion in the making.
Trading Strategy for EURJPY Bearish Biases 1. The trend is continously LHs & LLs 2. The bearish C/S momentum is giving respect to ascending trend line. 3. The price action is facing rejection by resistance at Fib level 0.382.
Trade Plan Buy-Long Entry 140 just above LH & SL at 139 whereas TP at 142 above previous LH
Trade Plan Short-Sell Entry at 139 just below Fib resistance level 0.236 SL 141 previous LH whereas TP 138 in view of RRR 1%
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