EURJPY May Find Support here
Updated
EURJPY is still ranging with a slightly bullish bias. There is some structural support here and potential to form bullish divergence on the 15m RSI.
The 12h RSI is also showing some complimentary hidden divergence indicating a drive to a new local high. I'm averaging in slowly here so I can cut my losses quickly and as pain free as possible should it break support and enter a longer term bearish leg.
The 12h RSI is also showing some complimentary hidden divergence indicating a drive to a new local high. I'm averaging in slowly here so I can cut my losses quickly and as pain free as possible should it break support and enter a longer term bearish leg.
Note
I have a 30 pip trailing stop activated on the remainder of my position.Note
Profit taken at 132.939
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.