EURJPY SETUP - BULLISH EURO,POSSIBLE NEW SWING LOWS?
Bullish price action may see new swing lows @ 106.989 area in a few weeks?
as the pair has consecutively made Lower highs and lows.
1) Break and retest of trend line
2)strong resistance levels @ 114.467 area
+ downside moving averages
for further confluence for continuation of bullish trend conformation
3) Daily candle closed as an bullish engulfing previous days
+ broken and closed daily below resistance 114.467 area
4) If resistance holds @ 114.467 zone and price breaks 113.847
warrant shorts
5) Target 1 @ 112.354
6) Target 2 @ 110.939
7)Target 3 @ 109.231
as the pair has consecutively made Lower highs and lows.
1) Break and retest of trend line
2)strong resistance levels @ 114.467 area
+ downside moving averages
for further confluence for continuation of bullish trend conformation
3) Daily candle closed as an bullish engulfing previous days
+ broken and closed daily below resistance 114.467 area
4) If resistance holds @ 114.467 zone and price breaks 113.847
warrant shorts
5) Target 1 @ 112.354
6) Target 2 @ 110.939
7)Target 3 @ 109.231
Related publications
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.