EURJPY 30min Analysis February 25th, 2021
After a strong rejection during the NY session price is currently at our key weekly level at 129.400.
Trade Scenario 1: Bullish - For us to go long we want to see price break above 129.400. We will then wait for a retrace and for 129.400 to act as support. Enter on strong bullish setups, first targeting 129.900.
Trade Scenario 2: Bearish - For us to go short we are looking for a strong rejection off our weekly of 129.400. We will look to enter on strong bearish setups, first targeting 129.00.
Trade Scenario 1: Bullish - For us to go long we want to see price break above 129.400. We will then wait for a retrace and for 129.400 to act as support. Enter on strong bullish setups, first targeting 129.900.
Trade Scenario 2: Bearish - For us to go short we are looking for a strong rejection off our weekly of 129.400. We will look to enter on strong bearish setups, first targeting 129.00.
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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.