EURJPY just broke(?) structure few hours before Friday close. We need to see a retest of trendline and then short it.
So we will wait to see a retest (it can happen during Asia hours since JPY is Asia currency) and then take the short.
However be careful in case it start trading to the top of the upper trendline, maybe breakout is fake. If i am in front of my monitor i will update during breakout.
This is just my opinion, i hope you enjoy it!
Thank you!
I wish you a profitable week!
So we will wait to see a retest (it can happen during Asia hours since JPY is Asia currency) and then take the short.
However be careful in case it start trading to the top of the upper trendline, maybe breakout is fake. If i am in front of my monitor i will update during breakout.
This is just my opinion, i hope you enjoy it!
Thank you!
I wish you a profitable week!
Note
So far we have not seen an impulse yet, so we need to be very careful. because it can change whole structure for an break of the top trendline.Note
Break to the bottom is not active yet, it is not valid. Because we did not take an impulse and then correction. It was like we are getting small candles to the bottom. Breakout to top or bottom is still active
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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.