Swing Trade - EURJPY
In Weekly Chart,
- Price broke historical high. The danger of it is that it is vulnerable to news and may be over-heated.
- Hence, to be on the more conservative side, wait for price to break a zone or TL to know what it will do
- Expecting price to come down in future
In Daily Chart,
- Wait for price to do something.
- SHORT opportunities are more probable than more LONG trades
- There will be massive pips to gain if price reverse back to SUPPLY zone/s.
In Weekly Chart,
- Price broke historical high. The danger of it is that it is vulnerable to news and may be over-heated.
- Hence, to be on the more conservative side, wait for price to break a zone or TL to know what it will do
- Expecting price to come down in future
In Daily Chart,
- Wait for price to do something.
- SHORT opportunities are more probable than more LONG trades
- There will be massive pips to gain if price reverse back to SUPPLY zone/s.
Note
Sorry, I mean reverse back to DEMAND zone/s.Note
this analysis will be archived and a new analysis will be done for this pair
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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.