EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall price action is very bullish on this pair and we recently saw a major break of resistance at 126.500. From here we want to see price action pullback to form structure near our 61.8% fib level. Look to enter long on bullish confirmations after we see a higher low form.
Trade scenario 2: For us to consider short scenarios we need to see a break and retest of 126.500 with a confirmed lower high below. Look to enter short and target lower toward major levels of support.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall price action is very bullish on this pair and we recently saw a major break of resistance at 126.500. From here we want to see price action pullback to form structure near our 61.8% fib level. Look to enter long on bullish confirmations after we see a higher low form.
Trade scenario 2: For us to consider short scenarios we need to see a break and retest of 126.500 with a confirmed lower high below. Look to enter short and target lower toward major levels of support.
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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.