Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
Trend 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.
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.