Hello Everyone. I want share my idea about EURJPY.
Last week I share my idea about this pair and also open my long position which is going well.
THE REASON WHY I OPEN LONG.
On high timeframe we (1D,1W) we have big bullish trend, i was waiting correction for find right spot for open long position, in this week i see price lost movement when it came at Fibonacci 50 % LVL, it stopped little time and at 1h timeframe we saw reversal movement, it broke trendline and last hour, Friday, market closed when candle came little bit strong down for retest.
my signal, for next week is still bullish, i would like to see retest at support zone at 155.3 see pullback from that area and brake resistance at 156.9.
Here is my 2 scene.
1 Bullish - price show us new low of uptrend at support, going strongly up and brake resistance and going to show us ne month high.
2 Bearish - Price downtrend is strong, support cant catch price movement, and its coming down strong.
Last week I share my idea about this pair and also open my long position which is going well.
THE REASON WHY I OPEN LONG.
On high timeframe we (1D,1W) we have big bullish trend, i was waiting correction for find right spot for open long position, in this week i see price lost movement when it came at Fibonacci 50 % LVL, it stopped little time and at 1h timeframe we saw reversal movement, it broke trendline and last hour, Friday, market closed when candle came little bit strong down for retest.
my signal, for next week is still bullish, i would like to see retest at support zone at 155.3 see pullback from that area and brake resistance at 156.9.
Here is my 2 scene.
1 Bullish - price show us new low of uptrend at support, going strongly up and brake resistance and going to show us ne month high.
2 Bearish - Price downtrend is strong, support cant catch price movement, and its coming down strong.
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Related publications
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.