Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

EUR/JPY Buy Trade Setup in 4 hours chart

Monday, March 20, 2017 11:25
% of readers think this story is Fact. Add your two cents.

(Before It's News)

eur-jpy-buyTrend is bullish in four hours chart. Critical support is present at 118.22 price level. Currently; the price of EUR/JPY currency pair is falling down to print bearish Wave c leg which is going to complete a Zig Zag Wave X pattern. A good suggestion is to wait for the Wave X to first complete and then look for a buy trade to join an up trend.

However; if market closes a bearish candlestick below 118.22 important support area then bullish trend will end. In such case, I will stop myself from trading and re-analyze the price chart of EUR/JPY currency pair.


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Trading on EJ is bit too risky, at the moment. It is better to go for long term if we want to trade on this. I am working with OctaFX broker and with them; it’s ever easy with their swap free account which keeps it all good for me. I don’t have to worry much about paying overnight charges and any such issue, so that really keeps me comfortable and relaxed with doing things. I like their 24/5 support service as well.

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.