EURJPY sell trade idea 26 07 2021
SELL EURJPY 129.72
SL: 130.02
TP1: 129.52
TP2: 129.32
TP3: 129.12
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
SELL EURJPY 129.72
Timeframe: H1
Step 1 - Previous News: EUR: French flash PMI continued expansion, German Flash PMI record high in pace of expansion, Eurozone flash PMI expanded , JPY: Flash Manufacturing PMI continued expansion
Step 2 - Trend: Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, JPY: -
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