EURJPY 30min Analysis January 27th, 2021
Price is at our key structure zone and key weekly after finding strong support off our supporting trendline.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly level of 126.234. We will then wait for a retrace and for price to find support at or above the key weekly. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we are looking for price to reject off our structure zone of 126.200 to form a double top. We will look to enter on strong bearish setups/engulfings.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly level of 126.234. We will then wait for a retrace and for price to find support at or above the key weekly. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we are looking for price to reject off our structure zone of 126.200 to form a double top. We will look to enter on strong bearish setups/engulfings.
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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.