EURJPY / H1 / Daily Forex Technical Analysis / 9.18.2019

18 сент. 2019 г.

Hello Traders, welcome to the Daily Forex technical analysis. Today is September 18th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the 1 hour time we are looking for price action to make another lower high or double top at this previous area of resistance near the 119.9 region. If price action doesn't flip bullish here by regaining support above the 120.1 zone we will be looking for an entry short with profitable conditions. Entry for a Short position near the 119.949 area, with a Stop Loss near the area of 120.154, and target profit level area of 119.341 to possibly ensure a profitable trade with a 2.97 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!