EURJPY LONG Supply Demand Analysis
See Pciture for analysis.
Higher Timeframe (4hr)
-Price reacting off of 4hr demand
-Trend - uptrend
-Price above 200MA
-Look for buys
Lower Timeframe (30minute)
-Price broke downward 30-minute trend line
-Price removed opposing 30-minute RBD supply
-DBR created
-Waiting for a pullback into demand
-Already 2x other opportunities.
Higher Timeframe (4hr)
-Price reacting off of 4hr demand
-Trend - uptrend
-Price above 200MA
-Look for buys
Lower Timeframe (30minute)
-Price broke downward 30-minute trend line
-Price removed opposing 30-minute RBD supply
-DBR created
-Waiting for a pullback into demand
-Already 2x other opportunities.
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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.