EURJPY reversal
We are a little late to post this.
Price did not go up further and it was pushed back to 121 levels from 123.30. Candle pattern and RSI suggesting a reversal from overbought levels and the lower TF (4hr) confirms.
2 ways to trade - sell right away from the present level or take advantage of any pullback that might occur to sell this pair.
IF you are already short the pair hold on to your position.
A daily close above 122 level violates these ideas.
Price did not go up further and it was pushed back to 121 levels from 123.30. Candle pattern and RSI suggesting a reversal from overbought levels and the lower TF (4hr) confirms.
2 ways to trade - sell right away from the present level or take advantage of any pullback that might occur to sell this pair.
IF you are already short the pair hold on to your position.
A daily close above 122 level violates these ideas.
Trade active
Note
price made a nice pullback and short options are still available.
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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.
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.