EURJPY Midterm trade - LONG
Updated
The price is forming a very strong hammer on the 4HR for this pair.
The Dollar looks like it wants to reverse to the downside.
This in turn will weaken the Yen - against the dollar.
If the yen weakens, then naturally the Euro should strengthen against the yen.
The Dollar looks like it wants to reverse to the downside.
This in turn will weaken the Yen - against the dollar.
If the yen weakens, then naturally the Euro should strengthen against the yen.
Trade active
Note
Make sure you are actively taking profits
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.