Hello all - DuncanForex here with a Trade idea.
Based on the bullish pin bar printed on the monthly chart in Jan 2019. Over the past 6 months , price has retraced to the 50% to 61.8% area.
You will see on the daily chart it has made higher highs and higher lows and just now printed a daily bullish pin bar.
On the daily chart - you could get a 9 to 1 trade - up to the most recent highs. If you enter on the 4 our chart you could get a near 20 to 1.
Based on the monthly chart - with a Fibonacci extension, I think there is a possibility of EURJPY getting to the 150.00 area over the next 1 to 2 years.
I will be taking 5 entries at varying price levels and look to take it up to the 127 area initially - then after consolidation and break outs, look to then trade it again higher.
This is analysis and a trade idea all wrapped up into one .
Thanks for looking at my idea
My website is not far away now
Thanks
Duncan
Based on the bullish pin bar printed on the monthly chart in Jan 2019. Over the past 6 months , price has retraced to the 50% to 61.8% area.
You will see on the daily chart it has made higher highs and higher lows and just now printed a daily bullish pin bar.
On the daily chart - you could get a 9 to 1 trade - up to the most recent highs. If you enter on the 4 our chart you could get a near 20 to 1.
Based on the monthly chart - with a Fibonacci extension, I think there is a possibility of EURJPY getting to the 150.00 area over the next 1 to 2 years.
I will be taking 5 entries at varying price levels and look to take it up to the 127 area initially - then after consolidation and break outs, look to then trade it again higher.
This is analysis and a trade idea all wrapped up into one .
Thanks for looking at my idea
My website is not far away now
Thanks
Duncan
