Euro / Japon Yeni
Alış

EURJPY 4hour Analysis February, 21st, 2021

300
EURJPY Long Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Price action has been extremely bullish and recently broke our weekly resistance at 127.400. From the current level we’re seeing structure form at our 38.2% fib level and testing new support. Ideally we want to see a strong bullish variation here to enter long on. Target higher toward our negative fib levels.

Trade scenario 2: For us to consider EJ bearish again we need to see a lower high below 127.400 with strong bearish setups. Look to target lower toward monthly support at 126.500

Feragatname

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