Looking at EurJpy price has recently broken a daily significant level that is notable for a bullish setup. Scoping into the 5 minute timeframe, price has exhibited a break and retest of this level while successfully shooting towards the upside. I would want price to come back down to the level before possibly capturing another upside movement.
The candlestick configuration I like to see at the level is just identification that price is beginning to switch direction. I looks for double bottoms, inverse head and shoulders, or bullish engulfing patterns. My go-to is the double bottom/top. Stop loss is directly below the level while targeting the previous highs if we get a pullback to this level. My alert is set, we shall see.
The candlestick configuration I like to see at the level is just identification that price is beginning to switch direction. I looks for double bottoms, inverse head and shoulders, or bullish engulfing patterns. My go-to is the double bottom/top. Stop loss is directly below the level while targeting the previous highs if we get a pullback to this level. My alert is set, we shall see.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.