EURJPY TECHNICAL ANALYSIS:
Price action: eurjpy failed to make a new high in h4 chart and is currently trading above the 400 hour simple moving average, if price broke it and closed with at least 3 h4 candles below the moving average you can open a short trade until the support as highlighted in the chart, use a small stop loss. It can occur tomorrow or monday, if by monday that moving average won t be broken ignore this idea.
Frank Trader
Enjoy your trading and use a proper money management!!!
Price action: eurjpy failed to make a new high in h4 chart and is currently trading above the 400 hour simple moving average, if price broke it and closed with at least 3 h4 candles below the moving average you can open a short trade until the support as highlighted in the chart, use a small stop loss. It can occur tomorrow or monday, if by monday that moving average won t be broken ignore this idea.
Frank Trader
Enjoy your trading and use a proper money management!!!
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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.
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.