EURJPY Thesis
- Weekly: After forming new low at 116.15, price is now in a retracement phase and has broken above multiple zone including 118.25 psychological weekly forming new highs.
- Daily: Right now the daily timeframe is allover the place, but what i can point out is after break above 118.25 (grey) zone I do expect EJ to return to zone for a retest. Next possible target 117.75.
- 1hr: After break of 119.50 4hr psychological zone price could pullback into level for a retest before possibly selling off to 117.75.
Trade active
Trade closed: target reached
First 2 targets hit. Move stop loss to break even and ride trade to last targetTrade closed: target reached
Final Target hit
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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.