EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs.
Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs.
Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
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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.