Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
EURJPY is stuck inside a range and currently approaching the lower bound / support, so we will be looking for buy setups on lower timeframes.
on H1: Right Chart
EURJPY formed a 123 pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, EURJPY can still trade lower inside the daily support zone or even break it lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
EURJPY is stuck inside a range and currently approaching the lower bound / support, so we will be looking for buy setups on lower timeframes.
on H1: Right Chart
EURJPY formed a 123 pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, EURJPY can still trade lower inside the daily support zone or even break it lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal