EURJPY, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
We have to take in consideration the price is currently at a monthly support.
Weekly:
Price is forming a bearish W and it is also rejecting the zone of the 61.8 and 78.6
of the weekly fib so we could see anothe tap to the montly support.
Daily:
If the daily close is bearish we could probably see a H&S pattern in play for more
downside momentum.
4H:
To take any setup we should wait for the bullish structure to get invalidated and
then look for short setup.
We have to take in consideration the price is currently at a monthly support.
Weekly:
Price is forming a bearish W and it is also rejecting the zone of the 61.8 and 78.6
of the weekly fib so we could see anothe tap to the montly support.
Daily:
If the daily close is bearish we could probably see a H&S pattern in play for more
downside momentum.
4H:
To take any setup we should wait for the bullish structure to get invalidated and
then look for short setup.
Trade active
Monthly: Weekly:
Daily:
4H:
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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.