EURJPY buy trade idea 12 05 2021
BUY EURJPY 132.02
SL: 131.72
TP1: 132.22
TP2: 132.42
TP3: 132.62
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 132.02
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone and German ZEW economic sentiment strong improvement in economic outlook, JPY: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bearish
Step 5 - Upcoming News: EUR: EU economic forecasts 1700hrs, JPY: -
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