Euro / Yen JaponaisShort
EURJPY - Bearish confluence!
Lots of confluence pointing towards shorts on this pair looking at the H1 TF.
Technicals:
- Rejection of s/r zone in line with rejection of 200 EMA
- Price action - hanging man/shooting star followed by strong bearish engulfing
- Potential rejection of 118 psychological level
Fundamentally I'm assuming we will continue to see a pressured Euro considering the Coronavirus situation in Italy (being a major economy) and refused EU bailout, which along with our technical bias may push this pair further south.
Nice intra-day set up with good R:R, >1:4
Technicals:
- Rejection of s/r zone in line with rejection of 200 EMA
- Price action - hanging man/shooting star followed by strong bearish engulfing
- Potential rejection of 118 psychological level
Fundamentally I'm assuming we will continue to see a pressured Euro considering the Coronavirus situation in Italy (being a major economy) and refused EU bailout, which along with our technical bias may push this pair further south.
Nice intra-day set up with good R:R, >1:4
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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.