EURJPY buy trade idea 12 05 2021

#OPINIONLEADER# #Signal#

BUY EURJPY 132.02

SL: 131.72

TP1: 132.22

TP2: 132.42

TP3: 132.62

Signal Analysis by LCMS Traders 

Currency Pair: EURJPY

BUY EURJPY 132.02 

Timeframe: H1

Step 1 - Previous News: EUR: Eurozone and German ZEW economic sentiment strong improvement in economic outlook, JPY: -

Step 2 - Trend: Across, Counter Trend

Step 3 - Support/Resistance: Moving Towards Resistance

Step 4 - Indicators

- Bollinger Bands: within

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bearish

Step 5 - Upcoming News: EUR: EU economic forecasts 1700hrs, JPY: -