EURJPY 30min Analysis January 13th, 2021
Price has been in a strong downtrend for the week but we are within our demand zone and key weekly level and price is starting to find support.
Trade Scenario 1: Bullish - For us to go long we need a break of structure and price to push above 126.600 with conviction. We will then look for a retrace and for 126.600 to flip as support.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 126.234. We will then wait for a retest and for the weekly level to flip as resistance. Enter on strong bearish setups.
Trade Scenario 1: Bullish - For us to go long we need a break of structure and price to push above 126.600 with conviction. We will then look for a retrace and for 126.600 to flip as support.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 126.234. We will then wait for a retest and for the weekly level to flip as resistance. Enter on strong bearish setups.
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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.