EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall price action has been bullish on all major timeframes. We recently saw resistance break at 126.500 and Ideally we want to see a higher low form above 126.500 with strong bullish setups. Target higher toward negative fib levels.
Trade scenario 2: For us to consider short opportunities we first need to see price action break support at 126.500 with a lower high below. Look to enter short on bearish conviction and target lower toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall price action has been bullish on all major timeframes. We recently saw resistance break at 126.500 and Ideally we want to see a higher low form above 126.500 with strong bullish setups. Target higher toward negative fib levels.
Trade scenario 2: For us to consider short opportunities we first need to see price action break support at 126.500 with a lower high below. Look to enter short on bearish conviction and target lower toward major support levels.
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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.