EURJPY
Updated
Long term view. The price entered into the supply zone.
Expectations:
A) Bouncing down from red supply zone (resistance).
B) Breaking above that supply zone (resistance) means flipping into demand zone (support).
Expectations:
A) Bouncing down from red supply zone (resistance).
B) Breaking above that supply zone (resistance) means flipping into demand zone (support).
Note
Seems scenario A) is taking the place. Looking for SHORT if the price will pull back to 134ish. Entry @ 134
SL @ 139
TP1 @ 124 (Risk Reward Ratio = 1:2)
TP2 @ 116
Trade closed: target reached
Took some months, but well...It's 2000 pips swing. :-)
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.