EURJPY 4hour Analysis November 29th, 2020
EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Price action continues with the bullish trend. Currently we’re looking for structure to form at the 38.2% fib level followed by strong bullish setups. Look to enter long after enough confirmation and target higher toward our -61.8% fib level
Trade scenario 2: Price action goes bearish. Look for price action to fall to key support at 124.000 then re-analyze for new trade scenarios.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Price action continues with the bullish trend. Currently we’re looking for structure to form at the 38.2% fib level followed by strong bullish setups. Look to enter long after enough confirmation and target higher toward our -61.8% fib level
Trade scenario 2: Price action goes bearish. Look for price action to fall to key support at 124.000 then re-analyze for new trade scenarios.
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