The EURJPY pair is about to touch the Rising Resistance that emerged on the February 28th High.
It is supported by a Rising Support trend line and the MA100 (4h).
Trading Plan:
1. Sell after the price breaks under the Rising Support.
Targets:
1. 142.550 (Support Zone 1).
Tips:
1. The RSI (4h) has made a Double Top on the 1.5 month Resistance. If it closes under its MA line, then we have an additional sell signal.
2. The MA100 (4h) has also supported the price during the February-March rise. When broken, the downtrend started.
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It is supported by a Rising Support trend line and the MA100 (4h).
Trading Plan:
1. Sell after the price breaks under the Rising Support.
Targets:
1. 142.550 (Support Zone 1).
Tips:
1. The RSI (4h) has made a Double Top on the 1.5 month Resistance. If it closes under its MA line, then we have an additional sell signal.
2. The MA100 (4h) has also supported the price during the February-March rise. When broken, the downtrend started.
Please like, follow and comment!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.