EURJPY buy trade idea 06 05 2021

#OPINIONLEADER# #Signal#

BUY EURJPY 131.44

SL: 131.14

TP1: 131.64

TP2: 131.84

TP3: 132.04

*Trading conditions may differ between account types and brokers.

Signal Analysis  by LCMS Traders

Currency Pair: EURJPY

BUY EURJPY 131.44 

Timeframe: H1

Step 1 - Previous News: EUR: -, JPY: -

Step 2 - Trend: Down, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: Slightly out 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bullish

Step 5 - Upcoming News: EUR: Eurozone Retail Sales 1700hrs, JPY: -