EURJPY Daily Analysis
W - Bullish, price is retracing to the last high at the 127 area
D - Bearish, lower lows and lower highs, price is currently in a deep retracement, and is finding some resistance at a minor level
4 - neutral, price is in a bullish retracement and is looking pretty over extended
1 - Bullish, Higher highs and higher lows
Scalping entries -
129.50 seems to be an area with a lot of reactions, I would like to take a short on the retest of the area if a rejection candle prints. I will stay reactive and if price breaks above I will look to enter a long on the retest above.
D - Bearish, lower lows and lower highs, price is currently in a deep retracement, and is finding some resistance at a minor level
4 - neutral, price is in a bullish retracement and is looking pretty over extended
1 - Bullish, Higher highs and higher lows
Scalping entries -
129.50 seems to be an area with a lot of reactions, I would like to take a short on the retest of the area if a rejection candle prints. I will stay reactive and if price breaks above I will look to enter a long on the retest above.
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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.