EURJPY trade plan
Price sill within a rising wedge currently at 50% fib level, strong resistance above at 61.8%.
Support at the lower line of the wedge and 200SMA along it. A break lower would indicate a fall to first to 120.
If we face a sell off in indices, that is the signal to sell EURJPY. At the moment markets indecisive as risk off news get into market, but the stimulus poured into stocks continues to hold it.
Please support the idea and share your thoughts on EURJPY!
Good Luck and Stay Healthy!
Support at the lower line of the wedge and 200SMA along it. A break lower would indicate a fall to first to 120.
If we face a sell off in indices, that is the signal to sell EURJPY. At the moment markets indecisive as risk off news get into market, but the stimulus poured into stocks continues to hold it.
Please support the idea and share your thoughts on EURJPY!
Good Luck and Stay Healthy!
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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.