EURJPY falling wedge reversal?

Pro Act

EURJPY falling wedge reversal?

By Pro Act Traders — Author

Bullish:Currently we are @ 121.59 just breaking out of a falling wedge in the range. IF we can break here, we are looking for a continuation initially to the ATR target @ 122.22 and then to the 0.618 Fibo @ 123.09. Look for a pullback there. The average daily true range (ATR) for the pair currently is 70 pips but its 180-day ATR is 86 pips a day.

Posted to Introduction to Forex Targe… on Jun 04, 2019 — 8:06 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

NZD/JPY-Still pushing the down channel — 4/16/24
EUR/AUD–starting a new channel — 4/15/24
GBP/AUD–Continues the channel — 4/11/24
GBP/JPY–race to the top — 4/03/24
USD/JPY–looking for the turn — 4/02/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act