EURJPY - SHORT IDEA
Hi peeps,
Found an interesting set up for EURJPY which was worth looking at.
Currently the market is in a downtrend and we can clearly see that price rejection was pretty strong on the resistance / trend line channel. Thus, i do make of it that the price may continue down to the bottom of the trend line channel.
For a bullish divergence, the price would need to break above the resistance area and out of the trend channel for a potential breakout move. This would be valid only if the candle close is right above the resistance point.
Disclaimer: This is not an investment advise but rather my thoughts on the price movement for EURJPY . Do share your thoughts and your feedback about my analysis :)
Cheers
Pips Punk
Found an interesting set up for EURJPY which was worth looking at.
Currently the market is in a downtrend and we can clearly see that price rejection was pretty strong on the resistance / trend line channel. Thus, i do make of it that the price may continue down to the bottom of the trend line channel.
For a bullish divergence, the price would need to break above the resistance area and out of the trend channel for a potential breakout move. This would be valid only if the candle close is right above the resistance point.
Disclaimer: This is not an investment advise but rather my thoughts on the price movement for EURJPY . Do share your thoughts and your feedback about my analysis :)
Cheers
Pips Punk
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.