Euro / Japanese YenShort
EUR/JPY SELL
This is what I call support (chart 1). High volume, strong support level, EMA 200 and a fresh low price, since July (chart 2), but...is that enough to be bullish?
I wouldn't say.
First of all, on a daily basis, the price is still bearish, and not even a Pin, which means, except a support, US session didn't bring significant gains for EUR against JPY.
Additionally, JPY looks still bullish, whereas EUR is bearish.
And one secret behind candles. There is a 38% imbalance between bulls and bears since the beginning of 2020.
Recommendation:
Start to open small bullish positions, but expecting lower prices.
Any lower price will bring more buyers.
#berichh
I wouldn't say.
First of all, on a daily basis, the price is still bearish, and not even a Pin, which means, except a support, US session didn't bring significant gains for EUR against JPY.
Additionally, JPY looks still bullish, whereas EUR is bearish.
And one secret behind candles. There is a 38% imbalance between bulls and bears since the beginning of 2020.
Recommendation:
Start to open small bullish positions, but expecting lower prices.
Any lower price will bring more buyers.
#berichh
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.