EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking to continue long with the trend. Ideally we want to see structure form before entering long so we’re going to look for strong reversal signals near our 38.2% and 61.8% fib level. Target higher toward our 0% fib level and -27% if our monthly resistance at 126.500 is broken.
Trade scenario 2: If we are to enter on short opportunities we need to see a major break of support at 124.750 with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking to continue long with the trend. Ideally we want to see structure form before entering long so we’re going to look for strong reversal signals near our 38.2% and 61.8% fib level. Target higher toward our 0% fib level and -27% if our monthly resistance at 126.500 is broken.
Trade scenario 2: If we are to enter on short opportunities we need to see a major break of support at 124.750 with a lower high below.
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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.