EURJPY – Price is at waiting bullish moment

Welcome to our Academy. We’re here to help you achieve what you have been looking for.

Use our free analysis where you have everything you need for potencial trade ideas and profit.

EURJPY – Price is at waiting bullish moment

Trend: Strong Buy

Support/Resistance:
R5: 124.680
R4: 123.517
R3: 123.392
R2: 122.526
R1: 121.751
S1: 121.354
S2: 119.996

Price action:
This currency pair is at the moment on very strong bullish edge. Because we can't decide yet, it is better to wait for finnal Elite strategy sign. For everyone who is not yet Elite member we recomend that price broke First resistance level and then test Second resistance level. If Buyers are able to break second important resistance level which is marked as last daily higher high, then price is expected to see following targets.

Potencial trade idea:
Bulls targets:
T1: 122.526
T2: 123.392
T3: 123.517
T4: 124.680
Bears targets:
T1: 121.751

NOTE – We are trading EURJPY via the preferred trading setups by EliteFxAcademy


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy