EURJPY is trading inside a Channel Up for the past 3 months.
The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d).
Tips:
1. The RSI (1d) will give a confirmed sell signal after it crosses under its MA line. It did so on May 3rd.
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The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d).
Tips:
1. The RSI (1d) will give a confirmed sell signal after it crosses under its MA line. It did so on May 3rd.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.