The second pair in tonight's video focused on the EURJPY which has been extremely interesting as of late. Although this particular pattern formation traditionally breaks out in the direction of the flag pole. I still have a bullish higher time frame bias on this pair and our currently level of structure offers a low risk opportunity to get involved in an anticipated move retesting our previous structure highs.
At the bottom of the chart you'll see that our RSI has gone massively oversold & is now showing bullish divergence. This doesn't make it a no brainer buying opportunity but it does help us build a case for a bullish bias.
At the bottom of the chart you'll see that our RSI has gone massively oversold & is now showing bullish divergence. This doesn't make it a no brainer buying opportunity but it does help us build a case for a bullish bias.
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The Trading Coach Podcast
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Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.