EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on EJ but we are clearly within a large range. Playing toward the bullish scenario we want to wait for a higher low above 130.600 and outside the range. Look to enter long on bullish setups after the higher low and target higher toward key resistance around 132.000.
Trade scenario 2: You could short within the range if we can spot a strong reversal at 130.600 but for us to consider EJ bearish we need to see a lower high below 130.000. Look to target lower toward key levels of support.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on EJ but we are clearly within a large range. Playing toward the bullish scenario we want to wait for a higher low above 130.600 and outside the range. Look to enter long on bullish setups after the higher low and target higher toward key resistance around 132.000.
Trade scenario 2: You could short within the range if we can spot a strong reversal at 130.600 but for us to consider EJ bearish we need to see a lower high below 130.000. Look to target lower toward key levels of support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.