EURJPY buy trade idea 23 07 2021
BUY EURJPY 129.86
SL: 129.56
TP1: 130.06
TP2: 130.26
TP3: 130.46
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 129.86
Timeframe: H1
Step 1 - Previous News: EUR: ECB held its monetary policy unchanged, JPY: Bank Holiday today
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: near bullish
Step 5 - Upcoming News: EUR: French flash PMI 1515hrs, German Flash PMI 1530hrs, Eurozone flash PMI 1600hrs, JPY: Flash Manufacturing PMI next Monday 0830hrs
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