+370 Pips From GBPJPY & EURJPY
Mon 13th November 2023 : Daily Forex Strength Analysis
Today we’re looking at Trading Setups in:
- EURNZD (Primary Focus Pair)
- EURJPY (Covered In Video)
- GBPJPY (Covered In Video)
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Our Interest (pending order)/Open Interest (live position)
| EURNZD (Long) | Price | Pips +/- | R/R (Max/Min) |
|---|---|---|---|
| Alert Set | 1.8140 | ||
| Entry Price | If Alert Is Triggered Place A Buy Stop Order Circa 1.8150 | ||
| Stop Loss (Min) | 1.8090 | -60 Pips | |
| Stop Loss (Max) | |||
| Profit 1 | 1.8270 | +120 Pips | 1 : 2 |
| Profit 2 |
Our EURJPY and GBPJPY trade alerts we posted into our discord channel have accumulated +370 pips in profit so far.
EUR tops our live forex strength vs weakness tables as S1 (Strong 1).
Our momentum dashboard shows GBP gaining strength too, which could lead to further upside for both EURJPY and GBPJPY.
EURNZD is on our radar for today, EUR being S1 and NZD being W3 on the day traders tables.
Last week EURNZD closed bullish and if this were to continue we could see price reach the daily (D1) swing highs of 1.8250, formed on the 24th October.
Moving down to the hourly (H1) time frame chart we can see price is trading above the H1 50 moving average, telling us momentum is bullish.
We also see price has traded through previous H1 resistance highs of 1.8140, these highs could act as support in an upward trend.
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Primary Focus Pair Chart:
Technical Observations:
- NZD is W3 and EUR is S1 on the day traders table.
- Price is above the H1 50MA showing bullish momentum.
- Buyers may want to target the daily swing highs at 1.8275.
09:00 GMT/BST Forex Strength Vs Weakness Tables:
