Euro / Japanese YenShort
EJ big run up paused daily chart
38.2 fib confluence at the top of green channel pushed EJ some 650 pips higher in "relative" short term
at the moment PA is back at 50 fib and previous supply
looking for at least a retrace from the furious runup,
very clear where stop loss is to be placed,.... if EJ breaks new highs here (i.e. news on french election pols,... italian banks or airlines) there is still a lot of room to the upside
for now i'm looking to build a short position here
at the moment PA is back at 50 fib and previous supply
looking for at least a retrace from the furious runup,
very clear where stop loss is to be placed,.... if EJ breaks new highs here (i.e. news on french election pols,... italian banks or airlines) there is still a lot of room to the upside
for now i'm looking to build a short position here
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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.