EURJPY LONG IDEA
Hello Dear Traders
My point of view regarding the EJ for the short term. Cautiously and always with R:R management.
Note: The price is approaching a strong supply level but it can give the result.
From the purple supply zone we will se how it responds.
We will then react accordingly for sell in case of some candlestick pattern, weak bullish Price action etc. or we may enter long if the market is going to give us a strong impulse to the upside with a PA retest of the zone in conjuction with 0.382 - 0.5 - 0.618 Fib. Retracement Level.
Good Luck and waiting for your comments!
My point of view regarding the EJ for the short term. Cautiously and always with R:R management.
Note: The price is approaching a strong supply level but it can give the result.
From the purple supply zone we will se how it responds.
We will then react accordingly for sell in case of some candlestick pattern, weak bullish Price action etc. or we may enter long if the market is going to give us a strong impulse to the upside with a PA retest of the zone in conjuction with 0.382 - 0.5 - 0.618 Fib. Retracement Level.
Good Luck and waiting for your comments!
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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.