COMPANY NEWS

COMPANY NEWS

EURJPY ANALYSIS (04 DESEMBER 2020)

Story by : MRG Premiere
Category at:
Published : December 05, 2020

EURJPY ANALYSIS (04 DESEMBER 2020).


zoom

Image: EUR / JPY H4 Chart

(EUR / JPY) On the H4 Chart, it can be seen that the current price movement is developing a Bullish Secondary Reaction pattern, therefore the price has the potential to weaken to 125.77 before getting back up to the next harmonic resistance area.


TRADING STRATEGY:

BUY Limit in the area of ​​125.77

Target: 128.83

Stop Loss: 125.70


DISCLAIMER

Always pay attention to your money management, this trading idea is only for consideration, but trading decisions, risks, profits and losses are all the responsibility of each trader.