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The EURJPY Pair moving in a possible resistance throwback zone.

In the chart, after a fall for euro in last week the pair been in a downtrend for a while.


At 1.15195, the market formed an impulse in order to save the pair from down.
That impulse reversed the trend from down.

Besides, after the huge fall for euro, the market moved constantly in sideways (consolidation) to overcome the fall.

The movement in consolidation stabilizing the pair from more down.

In an hour time frame, the chart printing the signals at 1.16391
By the facts, I'm expecting an impulse to reach the top.

Due to the consolidation factor, the signal may hit a target as an impulse at 1.17194

Or else end the trade at next low point at 1.15965

HAPPY TRADING.

SIGNAL SPECIFICATION: 

Pair: EURUSD

Order: BUY

Entry:1.16391

Take profit: 1.17194

Stop loss:1.15965

Risk Vs Reward:1.88

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It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. 
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. 

Note: Everything works with Best money management. 

Note: Please leave comments for any query. 

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. 

Best 
Forextamil 
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