EUR/JPY:constucting a case for a bullish rally 16-04-15 21:00---------128.22
15min REGpop XU V400 which is a sign of a recovery- Price is below VA-VI and setting foot into MAEchannel(127.83)
Assesment: Showing positive (EARLY)signs
5min REGpop just XO V400, WHIGREEBLURE its aligned- Price above VI-VA(127.75) and S-Mchannel
Assesment:All ready to go on a bullish run. Price should find sopport on VARMA, possible a little higher.
1min WHIGREBLURE its aligned.Price well established over VI-VA(127.87) and on top of S-Mchannel
Assesment: After a run of 250 pips from the swing low its a bit scary to try to ride this pair even higher. Also EUR/GBP its showing weakness which its not encouraging for the Euro pairs. Still, 5 mins its well supported.
Action plan:
Go long on VIDYA 5min (127.8) and in every step 15 pips lower// SL@ 126.90// LP@ 131.35
15min REGpop XU V400 which is a sign of a recovery- Price is below VA-VI and setting foot into MAEchannel(127.83)
Assesment: Showing positive (EARLY)signs
5min REGpop just XO V400, WHIGREEBLURE its aligned- Price above VI-VA(127.75) and S-Mchannel
Assesment:All ready to go on a bullish run. Price should find sopport on VARMA, possible a little higher.
1min WHIGREBLURE its aligned.Price well established over VI-VA(127.87) and on top of S-Mchannel
Assesment: After a run of 250 pips from the swing low its a bit scary to try to ride this pair even higher. Also EUR/GBP its showing weakness which its not encouraging for the Euro pairs. Still, 5 mins its well supported.
Action plan:
Go long on VIDYA 5min (127.8) and in every step 15 pips lower// SL@ 126.90// LP@ 131.35