EURJPY: Buy Opportunity
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What do you think about such a buy opportunity?
The price bounced from 118.860 support level. RSI confirmed the price reversal. The same goes for MACD histogram. MACD lines support a further upward movement. DMI is bearish and confirms trend market conditions. But ADX line falls, and it is a signal that sellers don't have the power to push the market downward. We have a possible buy opportunity.
Entry Price: above 119.205
Stop Level: below 118.810
Profit Level: at 119.960
Risk per trade must be no more than 1% of your capital. If the price reaches 119.650 level, it will be possible to move stop orders to breakeven. The 1st profit target is SMA100, and the 2nd profit target can be at SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price bounced from 118.860 support level. RSI confirmed the price reversal. The same goes for MACD histogram. MACD lines support a further upward movement. DMI is bearish and confirms trend market conditions. But ADX line falls, and it is a signal that sellers don't have the power to push the market downward. We have a possible buy opportunity.
Entry Price: above 119.205
Stop Level: below 118.810
Profit Level: at 119.960
Risk per trade must be no more than 1% of your capital. If the price reaches 119.650 level, it will be possible to move stop orders to breakeven. The 1st profit target is SMA100, and the 2nd profit target can be at SMA200.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
Long trades were not activated. We have to search for new trade opportunities.
Penafian
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