EURJPY is trading in the rising wedge as it is also trading a 50% level of Fibonacci retracement level as we can see EURJPY may see a little correction on the downside before going in upside direction. As long term trend is on the upside, one can trade on the long side once the 38% level of Fibonacci retracement .
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Note- Trade With Proper Risk Management System Only
Thanks
Vivek
have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.
