Hello and welcome to my Trade Idea of the currency pair EUR/JPY.
Let's start with the Top Down Analysis.
Monthly: We recognize on the monthly timeframe a strong downtrend with normal pullbacks.
Weekly: The weekly timeframe is bearish too and now we see a push to the upside with 4 green candles in a row. That can be a opportunity for a sell.
Daily: The daily candle closed under the trendline, that`s a good confirmation.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: We recognize on the monthly timeframe a strong downtrend with normal pullbacks.
Weekly: The weekly timeframe is bearish too and now we see a push to the upside with 4 green candles in a row. That can be a opportunity for a sell.
Daily: The daily candle closed under the trendline, that`s a good confirmation.
Have a nice day.
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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.