EURJPY Short
According to the weekly timeframe, it is a strong bearish healthy trend bouncing off a trendline since it was s reversal.
The LONG wick (1W) needs to be filled. It will retract upwards a little bit then continue with the bearish move.
The first set up will be when it break the fib level 0.5 and the demand zone @ 130.1
Sell @ 130.1 target 129.4 sl @ 130.3. Then maybe retract upwards to that demand zone, which might act as a supply zone before heading to 128.5
The LONG wick (1W) needs to be filled. It will retract upwards a little bit then continue with the bearish move.
The first set up will be when it break the fib level 0.5 and the demand zone @ 130.1
Sell @ 130.1 target 129.4 sl @ 130.3. Then maybe retract upwards to that demand zone, which might act as a supply zone before heading to 128.5
Note
Sell now @ 130.5Note
Tp hit.it will retract upwards again to 130.0 then fall
Note
Looking for a buy opportunity
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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.