EURJPY Long (Swing) , RR 1 : 2.3

18 juin 2017

EURJPY has closed above weekly support area at the price of 122.50 for the six consecutive weeks. I am expecting an upside for this pair to next weekly resistance area.

Reason :
- Weekly candlestick has struggled to go below 122.50 leaving long tail below.
- 123.30 area was previous resistance now support.
- Higher high formed, hinting the start of wave-2 motive.
- Potential to reach next resistance points :

Entry point Long : CMP or any pullback ; TP1 : 125.90, 126.50, 127.20 128.40 ; SL 122.25 area.

Risk Reward 1:2.3
Always remember to trade with stop-loss, market is crazy & cunning*

20 juin 2017

Transaction en cours

Entered my trade at day low, let the game begin.

Much patience is needed for this trade, good luck.

27 juin 2017

Note

TP1 hit (+180pips) gained, closed some profit.

Awaiting pullback to enter more to next target.

27 juin 2017

Note

Price rallied another +100pips in less than 5-hours, currently holding +280pips gain since trade inception. Very strong bullish momentum

28 juin 2017

Note

TP 126.50 & 127.20 hit ~ 128.40 last target !

29 juin 2017

Trade fermée: cible de profit atteinte

TP 128.40 hit ! banked 430pips+.

I hope you guys enjoyed my analysis.