EURJPY 4HR Potential Setup - 28/03/2021
Potential Setup as per the below
Bias – Bearish
The Yen is weak currently so expecting this to continue bullish for now, although overall structure on this pair is bearish.
Option 1 – Wait for price to retrace back to the key level creating a double top , taking out liquidity and then move down with bearish momentum.
Option 2 – If price continues to stall and consolidate at the current 4hr structure point, look for an opportunity to take this short back down to the lows.
Bias – Bearish
The Yen is weak currently so expecting this to continue bullish for now, although overall structure on this pair is bearish.
Option 1 – Wait for price to retrace back to the key level creating a double top , taking out liquidity and then move down with bearish momentum.
Option 2 – If price continues to stall and consolidate at the current 4hr structure point, look for an opportunity to take this short back down to the lows.
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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.