EURJPY Short term sells with long term buys
Confluences
-EURJPY is heavily uptrending and although we left a wick to the upside, the weekly candle was still an engulfing and we believe this wick is going to get filled
- On the daily timeframe we have broken through resistance and used it as support by impulsing with a bullish engulfing candle
- We have broken the counter trend which looks in the form of a falling wedge showing the slow down in momentum from sellers
- Price also formed a double bottom
-EURJPY is heavily uptrending and although we left a wick to the upside, the weekly candle was still an engulfing and we believe this wick is going to get filled
- On the daily timeframe we have broken through resistance and used it as support by impulsing with a bullish engulfing candle
- We have broken the counter trend which looks in the form of a falling wedge showing the slow down in momentum from sellers
- Price also formed a double bottom
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.
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.