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Eurjpylong

EURJPY we like it Long..For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them. We have lots of different rules for our entry confirmations all described in my coming video course, but price is long on this fall.. Price is CHEAPER this way. Eurjpy has fallen to a Lovely long zone. Todays news has caused this move and we are going to trade it! Target is identified by the directional arrow.
Long
by WillSebastian
EUR/JPY Nice Pullback From Trendline Support Zone. EUR/JPY nicely pullback from its trendline support zone. 128.00 was double bottom zone. But EUR/JPY broke below 128.00 and tested its trendline support area at nearly 127.50. If today's daily candle closes a full-body bullish pattern, we can hope that EUR/JPY will test the 130.40/50 price zone very soon. 130.40/50 is an absolute strong resistance zone. Many times market-tested 130.40/50 but couldn't break it. So, it is expected beyond price action analysis that the price will act as a strong resistance zone. But breaking above 130.40/50 will open the door for 133.--/133.20 price zone. On the other hand, EUR/JPY breaks below the trendline support zone, we may see another knee-jerk downside pressure on EUR/JPY. EUR/JPY will only drop if the Covid situation becomes worse. Otherwise, EUR/JPY reached its bottom price, so it is expected that the EUR/JPY may rise from the price zone. If EUR/JPY breaks below the 127.50/30 price zone, we may go short, and the downside target will be 126.00. Breaking below the trendline support level, our long target will also be invalid.
Long
by Gold_Trading_Expert
EURJPY and the MM stopGood Morning, afternoon and evening traders, don't forget to click the follow button after reading my post for more expert daily analysis! Here we have a clear example on our charts of a typical potential MM stop. Larger trading bodies want a better price on their trades so they need to take a slightly lower price than the previous lows. This is how they get a good deal, as often their trade size moves the market. We can see this market movement with the daily green candle. We are now looking long back towards our MA's.
Long
by WillSebastian