Hi everyone:
Similar like CADJPY, I do like the overall structure on EURJPY as well.
The larger higher time frame continuation structure is still valid in my plan, as last bit of price action is very corrective going up towards the top of the structure.
When I see this sell breakout happening on the lower time frame, I do like to see more confirmation from the market to create continuation correction down.
I would look to scale into the short, and look for more sell entries down to the lows and re-evaluate the price action then .
Thank you
Similar like CADJPY, I do like the overall structure on EURJPY as well.
The larger higher time frame continuation structure is still valid in my plan, as last bit of price action is very corrective going up towards the top of the structure.
When I see this sell breakout happening on the lower time frame, I do like to see more confirmation from the market to create continuation correction down.
I would look to scale into the short, and look for more sell entries down to the lows and re-evaluate the price action then .
Thank you
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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.