Euro / Japanese YenShort
EURJPY - TRADE PLAN
- PA over last few months has been bullish, bull trend, bull wedge structure
- PA consolidated at a key weekly level 126.5 and then formed a H&S pattern suggesting it could reverse the bull trend.
- PA made an impulse move to the downside, making a new low and breaking structure
Trade Plan:
- Look for retracement back to 124.50-125 and identify a sell setup on lower TF.
- PA consolidated at a key weekly level 126.5 and then formed a H&S pattern suggesting it could reverse the bull trend.
- PA made an impulse move to the downside, making a new low and breaking structure
Trade Plan:
- Look for retracement back to 124.50-125 and identify a sell setup on lower TF.
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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.