EURJPY - Buy
The EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity.
Downward Correction, Not Reversal:
While the recent drop was significant, it's important to remember the bigger picture. The EURJPY has been trending upwards for a while now. This could be a healthy correction within the uptrend, shaking out weak hands before the climb resumes.
Key Support Still Holding (For Now):
The most encouraging sign is that the price found support around 17.75 and bounced back slightly. If this level holds, it reinforces the bullish trend.
Entry: 170.911
Stop: 170.502
Profit: 172.857
Good luck and always manage risk. I am risking 1% looking for 6%.
Downward Correction, Not Reversal:
While the recent drop was significant, it's important to remember the bigger picture. The EURJPY has been trending upwards for a while now. This could be a healthy correction within the uptrend, shaking out weak hands before the climb resumes.
Key Support Still Holding (For Now):
The most encouraging sign is that the price found support around 17.75 and bounced back slightly. If this level holds, it reinforces the bullish trend.
Entry: 170.911
Stop: 170.502
Profit: 172.857
Good luck and always manage risk. I am risking 1% looking for 6%.
تم فتح الصفقة
ملاحظة
Edit ***Good luck and always manage risk. I am risking 1% looking for 4.5%.تم إغلاق الصفقة يدويًا
Trade closed at BE
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.