EURJPY sell trade idea 25 10 2021
SELL EURJPY 132.21
SL: 132.51
TP1: 132.01
TP2: 131.81
TP3: 131.61
Signal Analysis by LCMS Traders
Currency Pair: EURJPY
SELL EURJPY 132.21
Timeframe: H1
Step 1 - Previous News: EUR: Flash PMI data overall slowdown in business activities, JPY: -
Step 2 - Trend: Across to Down, Trend Following
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow touching
- Stochastic: H4 turning down
- PSAR: bearish
Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, JPY: -
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