EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: If price action is to continue bullish look for a higher low to form above 126.500 before entering long.
Trade scenario 2: We would like to continue with the overall trend but this is a lot of consolidation near key resistance. If price action is to go bearish I would like to see a strong fall in price action where we would look to enter after a break and retest of 126.000 and target lower.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: If price action is to continue bullish look for a higher low to form above 126.500 before entering long.
Trade scenario 2: We would like to continue with the overall trend but this is a lot of consolidation near key resistance. If price action is to go bearish I would like to see a strong fall in price action where we would look to enter after a break and retest of 126.000 and target lower.
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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.