EUR/JPY Long Potential
Looking at potential longs on EJ going into next week. Last week finish with 2 daily bullish candles, which looks to be the end of the road for selling on this pair.
Thursdays daily close brought a 4 hour double bottom to indicate price has run out of steam to the downside and will now see bulls get in control. From this, friday showed non-stop bullish momentum.
If price holds through monday on the new bullish trend, I will look for entries to ride this pair up into 117.500 region
There is still a possibilty this is just a pullback, and that the market will continue to the downside. If so, we will look for structure to be broken before seeking entries.
Thursdays daily close brought a 4 hour double bottom to indicate price has run out of steam to the downside and will now see bulls get in control. From this, friday showed non-stop bullish momentum.
If price holds through monday on the new bullish trend, I will look for entries to ride this pair up into 117.500 region
There is still a possibilty this is just a pullback, and that the market will continue to the downside. If so, we will look for structure to be broken before seeking entries.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.