Hi everyone:
EURJPY stll is on my watch list for a potential sell.
The recent price action had a really strong bullish move up from previous continuation correction.
The larger continuation correction on the high time frame is developping further, and we see price continues to go up towards the top of the channel structure, hitting a recent double tops.
The potential correction the price is forming is an ascending channel type of structure, so I would like to wait for this correction to finished and break below.
Looking for the lower time frame continuation correction after the breakout will be my entry to go short down to the lows.
Thank you
EURJPY stll is on my watch list for a potential sell.
The recent price action had a really strong bullish move up from previous continuation correction.
The larger continuation correction on the high time frame is developping further, and we see price continues to go up towards the top of the channel structure, hitting a recent double tops.
The potential correction the price is forming is an ascending channel type of structure, so I would like to wait for this correction to finished and break below.
Looking for the lower time frame continuation correction after the breakout will be my entry to go short down to the lows.
Thank you
Note
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Note
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Related publications
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.