EURJPY buy trade idea 26 08 2021
BUY EURJPY 129.62
SL: 129.32
TP1: 129.82
TP2: 130.02
TP3: 130.22
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 129.62
Timeframe: H1
Step 1 - Previous News: EUR: German ifo Business Climate decline in optimism, JPY: -
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast up, slow touch
- Stochastic: H4 coming out of over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: ECB Monetary Policy Meeting Accounts 1930hrs, JPY: -
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