EurJpy Short
SWING IDEA
⭐️ Daily: we are in a clear strong uptrend but it seems the sellers are starting to take some power in the last few days.
⭐️ H4: in lower timeframes, as expected, we can find a technical confirmation: the bullish trendline formed by a sequence of higher lows plus the previous low have been broken and the price already retested it. What I expect here is the continuation to downside. Before that, I will wait for a clear closure of the price under daily level (129.500).
⭐️ H1: in one hour timeframe price already started to create a sequence of lower high so, after H4 confirmation, what I will do is to take an entry where the trendline meets 61,8% or 71/78% Fibonacci's retracement.
JPY is more balanced this week than EUR so a Short move is something possible.
NEWS TO CHECK:
🐂 no news for today for this pair
🙏🏼 Namasté
⭐️ Daily: we are in a clear strong uptrend but it seems the sellers are starting to take some power in the last few days.
⭐️ H4: in lower timeframes, as expected, we can find a technical confirmation: the bullish trendline formed by a sequence of higher lows plus the previous low have been broken and the price already retested it. What I expect here is the continuation to downside. Before that, I will wait for a clear closure of the price under daily level (129.500).
⭐️ H1: in one hour timeframe price already started to create a sequence of lower high so, after H4 confirmation, what I will do is to take an entry where the trendline meets 61,8% or 71/78% Fibonacci's retracement.
JPY is more balanced this week than EUR so a Short move is something possible.
NEWS TO CHECK:
🐂 no news for today for this pair
🙏🏼 Namasté
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