EURJPY buy trade idea 11 06 2021
BUY EURJPY 133.38
SL: 133.08
TP1: 133.58
TP2: 133.78
TP3: 133.98
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 133.38
Timeframe: H1
Step 1 - Previous News: EUR: Day 1 of the G7 meetings, ECB kept monetary policy unchanged, JPY: Day 1 of the G7 meetings
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bearish
Step 5 - Upcoming News: EUR: G7 meetings over the weekend, JPY: G7 meetings over the weekend
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