On the daily chart and the 4-hourly chart, it is a bearish setup and this timeframe it is a bearish setup.
EURJPY now present a counter-trend trading opportunity below the PEZ. Yes, it is still valid for this instance as long as it doesn't break and close below the blue box I've plotted.
It all depends on how the market open and if the reversal occur, if it does, traders who missed the higher timeframe shorting opportunity may just have a better price entry for a short.
EURJPY now present a counter-trend trading opportunity below the PEZ. Yes, it is still valid for this instance as long as it doesn't break and close below the blue box I've plotted.
It all depends on how the market open and if the reversal occur, if it does, traders who missed the higher timeframe shorting opportunity may just have a better price entry for a short.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.