EURJPY 1hour Analysis December 22nd, 2020
Trade Scenario 1: Bearish - Price has broken below our 200MA on the 1h and 30min timeframe once again. If we are to look short we need to see a clear LH form below the 200MA and around the weekly level at 126.23. Enter on bearish engulfing/variations.
Trade Scenario 2: Bullish - If we are to look long we need to see price break above the 200MA on the 1h timeframe. We will then look for a retrace and a HL to form at or above the weekly level at 126.23. Enter on bullish engulfing/variations.
Trade Scenario 2: Bullish - If we are to look long we need to see price break above the 200MA on the 1h timeframe. We will then look for a retrace and a HL to form at or above the weekly level at 126.23. Enter on bullish engulfing/variations.
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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.