{"id":13218,"date":"2023-02-16T07:00:01","date_gmt":"2023-02-16T07:00:01","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13218"},"modified":"2023-05-19T07:01:48","modified_gmt":"2023-05-19T07:01:48","slug":"eurjpy-strong-buy-signal-within-a-1-year-channel-up","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/02\/16\/eurjpy-strong-buy-signal-within-a-1-year-channel-up\/","title":{"rendered":"EURJPY Strong buy signal within a 1 year Channel Up"},"content":{"rendered":"<p>The EURJPY pair is on a three day bullish streak above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The pattern for almost a year is a Channel Up, which has a very clear recurring bullish formation.<\/p>\n<p>After every 1-month (approximately) Channel Down (red pattern) and a U-shaped reversal on the 1D RSI, the price rises. We have so far 3 such occurrences, two rose by +7.5% and one by +5.25%. Based on this, since the price hit in January twice the bottom (Higher Lows trend-line) of the Channel Up and the RSI has reversed, we are long. We pursue the moderate target of +5.25% which would be 146.900. If you wish to go all the way for the +7.50%, target 150.000, which will hit also the top (Higher Highs trend-line) of the Channel Up.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURJPY\/p60UPh6P-EURJPY-Strong-buy-signal-within-a-1-year-Channel-Up\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURJPY\/p60UPh6P-EURJPY-Strong-buy-signal-within-a-1-year-Channel-Up<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURJPY pair is on a three day bullish streak above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The pattern for almost a year is a Channel Up, which has a very clear recurring bullish formation. After every 1-month (approximately) Channel Down (red pattern) and a U-shaped reversal on the 1D<\/p>\n","protected":false},"author":611,"featured_media":13219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13218"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13218\/revisions"}],"predecessor-version":[{"id":13221,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13218\/revisions\/13221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13219"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}