Originally Posted by
yulbang111
bullish trend seems to be taking place on the EURJPY pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 125.13 and strong support at level 124.91 in hourly time frame. there is possible chance price will move to up side. then next high price is 125.64
resistent level 1 - 126.43
resistent level 2 - 126.06
resistent level 3 - 125.72
pivot point - 125.35
support level 1 - 125.01
support level 2 - 124.64
support level 3 - 124.30
I suggest to entry BUY with stoploss at 124.78 and take profit at 125.63
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss