EUR/JPY: Signal for long

24.04.2017 / 10:02

Rating:

EUR / JPY: 4 hour schedule

Price above horizontal support and 200MA
Price action: pin support on support - positive signal

Indicators:
50/200MA: The price formed a pin bar with a slight fake break of 200MA
DeM and CCI (50) are in the overpriced market area

SL: 118,843

Sentiment: After the victory for Emanuel Macron in the first round of presidential elections in France, the positive sentiment towards the euro has grown significantly

Alternative Scenarios: If the price goes below the horizontal support, it is possible to see a breakthrough and a new downward movement and eventual fill of the gaps.

Trader_I_Ivanov

Varchev Traders

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EUR/JPY: Signal for long

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