EURJPY - LONG POSITION (8HR)
Overall bullish on EUR and JPY so kinda conflicted on this pair despite confluences stacking up. Need to see candle rejections in order to re-enter as I have already taken significant pain on this trade.
Confluences:
- Bullish market structure confirmed by trend line and breakout and retest of downtrend
- Rejection of blue region
- Rejection of 71% fib area
- significant rejection candles at the fib level
Confluences:
- Bullish market structure confirmed by trend line and breakout and retest of downtrend
- Rejection of blue region
- Rejection of 71% fib area
- significant rejection candles at the fib level
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.