EURJPY Weekly Sell - parallel level after trendline is broken
EURJPY recently broke its bullish trendline after a 10-day bull market and is now testing the parallel level. The first entry opportunity may arise when the second 4-hour bearish candle is created, with confirmation of a potential reversal provided by the bearish daily pinbar that was also formed. Another potential entry point could occur when an obvious lower high wave is created, providing an opportunity to scale-in and maximize profit potential.
Trade closed: stop reached
Market was volatile -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.