ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor EUR/JPY Long-Term Trend: Bullish
Key Resistance Levels: 139.21, 140.00, 140.92
Key Support Levels: 137.01, 136.00, 135.01
Daily Chart:
The price on the higher time frame has been trading in an uptrend for weeks. The pair had broken the support level of 127.92 but then faced rejection from the downside. The price then picked up momentum and succeeded to break the resistance level after a small pullback.
EUR/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. The price broke the downtrend and picked up momentum. As of now, the pair is breaking out after consolidating for some time. There is a trendline formation and support at the 137.01 level.
Signal Idea:
Buy Stop Order @ 138.05
TP 1 @ 139.18
TP 2 @ 140.31
Stop Loss @ 136.92
Trade Safely 🙂
Price went below trendline. Trade still on ?
Hi,
The entry is not triggered yet, it’ll be updated if it is canceled or triggered.
Have a good day.
Do you believe that it’ll go back up and see entry now that it’s far below trendline?
The trade is canceled now.
Hello ?