Chance of Bounce may be risk but worth
Eur/Jpy move on big bearish candle on weekly candle , This notify huge seller involved last week.
But, It entered our demand zone in the blue rectangle below. We must alert this zone for any candle stick pattern like pinbar or any strong rejection to enter buy.
So far 2 pinbar / doji appeared.
126.800 is the last defend for long position. We target 128.700 for pipping the long. Breaking this 128.700-128.400 would clearing the way to 131.000
But, It entered our demand zone in the blue rectangle below. We must alert this zone for any candle stick pattern like pinbar or any strong rejection to enter buy.
So far 2 pinbar / doji appeared.
126.800 is the last defend for long position. We target 128.700 for pipping the long. Breaking this 128.700-128.400 would clearing the way to 131.000
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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.