Hi guys ,
Ive been trading the eurjpy as it has moved up from the lows in a nice channel.
Currently the pair is at a nice level and looks like it could be forming a bullish pennant on the 15 min timeframe for a quick intraay trade.
at the moment the pennant retraces 38.2 % of the pole and a double bottom is formed on the hourly so a move up seems likely.
Ive been trading the eurjpy as it has moved up from the lows in a nice channel.
Currently the pair is at a nice level and looks like it could be forming a bullish pennant on the 15 min timeframe for a quick intraay trade.
at the moment the pennant retraces 38.2 % of the pole and a double bottom is formed on the hourly so a move up seems likely.
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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.