Euro / Japanese YenShort
EURJPY on 4 Hour time frame ideas
Hello everyone!
Here's my analysis for EURJPY on the 4-Hour timeframe:
The recent price action has broken below the ascending trendline and the existing structure. This suggests a potential shift in market direction.
Currently, the price is undergoing a bearish correction. I will be closely monitoring the 1-Hour timeframe for a potential breakout signal before considering a short position.
Let's see how it goes and comment what do you think about the analysis.
Here's my analysis for EURJPY on the 4-Hour timeframe:
The recent price action has broken below the ascending trendline and the existing structure. This suggests a potential shift in market direction.
Currently, the price is undergoing a bearish correction. I will be closely monitoring the 1-Hour timeframe for a potential breakout signal before considering a short position.
Let's see how it goes and comment what do you think about the analysis.
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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.