Euro / Japanese YenShort
Huge Breakout
After discussing this market in yesterday's trade ideas and how stuck it was, we finally have a breakout.
Price formed a large 4 hour chart bearish engulfing bar and smashed out of the breakout support level.
This level could now act as a price clip and new resistance level to look for potential short trades with the new momentum lower.
Price formed a large 4 hour chart bearish engulfing bar and smashed out of the breakout support level.
This level could now act as a price clip and new resistance level to look for potential short trades with the new momentum lower.
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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.