Hi Traders,
a Nice opportunity is presenting on EURJPY with a 1/4 risk reward.
The market made an attempt to cancel the drop down that I highlited in yellow (NFP). As this is done now the market shows that the interest is bearish. If we see the break of the trendline becoming resistance we might see the 130's target being hit (200 pips).
Be carreful with the blue line which will be the catalyst for the bearish bias, if it breaks and hold, the price will probably reach the final target area.
Happy trading
a Nice opportunity is presenting on EURJPY with a 1/4 risk reward.
The market made an attempt to cancel the drop down that I highlited in yellow (NFP). As this is done now the market shows that the interest is bearish. If we see the break of the trendline becoming resistance we might see the 130's target being hit (200 pips).
Be carreful with the blue line which will be the catalyst for the bearish bias, if it breaks and hold, the price will probably reach the final target area.
Happy trading