EUR / JPY - 2 scenarios
Updated
EUR/JPY is challenging previous support 129.00 and u can see on the chart the 61.8 fib retracement from MAY swing low and also 0.5 fib retracement from APRIL swing low
2 scenarios come in place here :
- if price breaks 129 and close above on 4h u can go Long
- if price reject 129 u can short to 125.16 and u can see there a clear double bottom
i will post updates on this trade
2 scenarios come in place here :
- if price breaks 129 and close above on 4h u can go Long
- if price reject 129 u can short to 125.16 and u can see there a clear double bottom
i will post updates on this trade
Note
i ll wait for the next candle to see where it could go
Trade active
I will go longNote
we could see a pullback to test support and then rocketing to trend line
wich has shown that this trend line has major impact
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