EURJPY buy trade idea 31 08 2021
BUY EURJPY 129.92
SL: 129.62
TP1: 130.12
TP2: 130.32
TP3: 130.52
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
BUY EURJPY 129.92
Timeframe: H1
Step 1 - Previous News: EUR: -, JPY: Unemployment Rate slight decline
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: slightly out
- MACD: both up
- Stochastic: H4 heading into over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: Eurozone CPI flash estimate 1700hrs, JPY: Consumer Confidence 1300hrs
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