EURJPY 30min Analysis February 18th, 2021
Price is continuing a slow uptrend back to our key structure zone of 127.900.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our structure zone of 127.900 and fall below our supporting trend line. We will then wait for a retrace and a clear LH to form. We will look to enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our structure zone of 127.900 with conviction. We will then wait for a retrace and for 128.00 to flip as support.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our structure zone of 127.900 and fall below our supporting trend line. We will then wait for a retrace and a clear LH to form. We will look to enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our structure zone of 127.900 with conviction. We will then wait for a retrace and for 128.00 to flip as support.
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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.