Overall
By HM on week 5, EUR was one of dominant, JPY on of the week.
Also by patterns an all TF EURJPY shows sign of uptrend after exhaustion candle.
I expect Long for week 5.
Weekly
Downtrend, below SR level
Daily
Healthy Uptrend below SR
4H
Looks like small breakout, but below SR
now it is 2 variants.
Due to price below SR on all TF = good sisngs for shorting.
However, by HM EURjPY should go up.
I open LONG with tight SL
ENTRY 125.370
SL 124.700
TP 126.800
RR 2.1
By HM on week 5, EUR was one of dominant, JPY on of the week.
Also by patterns an all TF EURJPY shows sign of uptrend after exhaustion candle.
I expect Long for week 5.
Weekly
Downtrend, below SR level
Daily
Healthy Uptrend below SR
4H
Looks like small breakout, but below SR
now it is 2 variants.
Due to price below SR on all TF = good sisngs for shorting.
However, by HM EURjPY should go up.
I open LONG with tight SL
ENTRY 125.370
SL 124.700
TP 126.800
RR 2.1
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Related publications
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.