EURJPY Conflicts between Daily and Weekly TF.
Hello Traders
EURJPY today and I'm going to start off by saying, yes, I'm looking for a short.
We're still in times of a global pandemic so who isn't going to be interested in a safe haven pair?
My conflict in a technical point of view is that weekly and monthly is possible looking to participate in an over extended W formation.
However, also in a down trend so what we're possibly seeing is just a very high retracement to the 0.786 fibonacci ratio.
Either way, I'm looking to short this pair, but I will be waiting for the price to show me the way it's going before deciding further.
I simply favour the fall, but I will be prepared to comeback and look if it's going to go the other way.
Reacting and not Predicting
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
EURJPY today and I'm going to start off by saying, yes, I'm looking for a short.
We're still in times of a global pandemic so who isn't going to be interested in a safe haven pair?
My conflict in a technical point of view is that weekly and monthly is possible looking to participate in an over extended W formation.
However, also in a down trend so what we're possibly seeing is just a very high retracement to the 0.786 fibonacci ratio.
Either way, I'm looking to short this pair, but I will be waiting for the price to show me the way it's going before deciding further.
I simply favour the fall, but I will be prepared to comeback and look if it's going to go the other way.
Reacting and not Predicting
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
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