EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is still very bullish on all major timeframes. We recently saw a major rally after a break of consolidation so now we need to wait for a pullback. Look to enter on strong bullish setups at our 38.2% fib level and support at 129.450, target higher toward our -27% fib level.
Trade scenario 2: For us to consider EJ bearish we first need to see a break back into consolidation. Technically you could play the range but on the daily timeframe we will remain bullish until we can confirm a lower high below 128.900
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is still very bullish on all major timeframes. We recently saw a major rally after a break of consolidation so now we need to wait for a pullback. Look to enter on strong bullish setups at our 38.2% fib level and support at 129.450, target higher toward our -27% fib level.
Trade scenario 2: For us to consider EJ bearish we first need to see a break back into consolidation. Technically you could play the range but on the daily timeframe we will remain bullish until we can confirm a lower high below 128.900
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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.