EURJPY Long
Looking for longs on this pair next week.
Price sits at the bottom of a long standing ascending channel and looks to have just completed a push to the downside.
We will wait for the upward move to start to confirm the push to the downside has finished / give further validation to the ascending channel
I will be trading this one cautiously (hence why TP isnt toward the top of the channel) - purely because Im long on euro in a few trades, and the recent euro rally could see profit taking / sharp dips in price.
As always, the position indicated on the chart just gives a rough idea of what im looking for - await price action confirmation.
Price sits at the bottom of a long standing ascending channel and looks to have just completed a push to the downside.
We will wait for the upward move to start to confirm the push to the downside has finished / give further validation to the ascending channel
I will be trading this one cautiously (hence why TP isnt toward the top of the channel) - purely because Im long on euro in a few trades, and the recent euro rally could see profit taking / sharp dips in price.
As always, the position indicated on the chart just gives a rough idea of what im looking for - await price action confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.