EJ short
Updated
SWING IDEA
⭐️ Weekly: price break 127.500 weekly level and so, we expect a retracement.
⭐️ Daily: Price has broken and retested 128.500 daily level and creates a lower high. What we can expect here is a possible new lower highPossible new LH. We have just a few informations so let's go to the next timeframe.
⭐️ H4 price is creating a sequence of lower highs rejecting multiple times 129,400 zone. The possibility for the price to create a new lower high is still valid.
⭐️ H1: price is moving in a bearish channel and the Fibonacci's zone of 71/78% is a interesting zone for a new lower high.
Be careful because JPY, as the previous week, is still weak so EUR can push to the upside more than what we expected. Let's see how the price will reach our zone (I'm talking about the momentum).
NEWS TO CHECK
🐂 No news to check for this pair for today.
🙏🏼 Namasté
⭐️ Weekly: price break 127.500 weekly level and so, we expect a retracement.
⭐️ Daily: Price has broken and retested 128.500 daily level and creates a lower high. What we can expect here is a possible new lower highPossible new LH. We have just a few informations so let's go to the next timeframe.
⭐️ H4 price is creating a sequence of lower highs rejecting multiple times 129,400 zone. The possibility for the price to create a new lower high is still valid.
⭐️ H1: price is moving in a bearish channel and the Fibonacci's zone of 71/78% is a interesting zone for a new lower high.
Be careful because JPY, as the previous week, is still weak so EUR can push to the upside more than what we expected. Let's see how the price will reach our zone (I'm talking about the momentum).
NEWS TO CHECK
🐂 No news to check for this pair for today.
🙏🏼 Namasté
Trade closed: stop reached
BE
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