Potential Shorts EurJpy
Key Levels:
Daily High- 127.500
Previous daily resistance- 127.075
Previous daily low- 126.819
Daily support- 126.256
Looking for a break of previous day low and a push into 126.250
Idea not valid if we break up past 127.075
Daily High- 127.500
Previous daily resistance- 127.075
Previous daily low- 126.819
Daily support- 126.256
Looking for a break of previous day low and a push into 126.250
Idea not valid if we break up past 127.075
Trade active
Analysis done on Jan 10 10:05pm EST Looking at price rejections on the 4HR chart at 127.231 price area. We can see spikes into this area Jan 6 and a brief break on Jan 7 during NY session which the high was 127.500 [also a QP] . On Friday Jan 8 NY broke the lows of previous day and created a new low at 126.819.
*Looking for a push into 126.000 into London session and NY
Trade active
Price may reject 126.478-caution Stops :Break Even
Trade closed: target reached
Perfect, trade target reached
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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.
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.