EURJPY 30min Analysis March 1st, 2021
Price is starting to find support at our key weekly after a strong push to the downside from last week.
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our weekly zone of 128.500 once again. We will look to enter long on strong bullish setups off this zone, first targeting our next weekly at 129.00
Trade Scenario 2: Bearish - For us to go short we need to see price fall below our weekly level of 128.440. We will then wait for a retrace and for 128.400 to flip as resistance.
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our weekly zone of 128.500 once again. We will look to enter long on strong bullish setups off this zone, first targeting our next weekly at 129.00
Trade Scenario 2: Bearish - For us to go short we need to see price fall below our weekly level of 128.440. We will then wait for a retrace and for 128.400 to flip as resistance.
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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.