EURJPY buy trade idea 26 08 2021

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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: -

EURJPY buy trade idea 26 08 2021

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