EURJPY Short Idea
We see Ej showing very strong bearish volume after a break of the 120.000 zone.
From here we can see two scenarios play out.
Ej continues to drop from the current level all the way to our daily support around 118.000
Ej establishes a bottom and retraces to a key fib level giving us an opportunity to enter short on a lower high after bearish confirmations present themselves.
118.000 is the overall lower target
We see Ej showing very strong bearish volume after a break of the 120.000 zone.
From here we can see two scenarios play out.
Ej continues to drop from the current level all the way to our daily support around 118.000
Ej establishes a bottom and retraces to a key fib level giving us an opportunity to enter short on a lower high after bearish confirmations present themselves.
118.000 is the overall lower target
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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.