EURJPY Long Idea
This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend.
At the current level we have two potential long opportunities:
1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27% fib level.
2.Price action momentum continues and pushes through our monthly zone. Look to enter on a higher low above this zone. Target significant resistance level.
For us to consider short opportunities we need to see a significant bearish transition and a break below 121.250 with confirmed lower highs. Target low toward significant support levels.
This pair has been very bullish on the daily and 4hour timeframe and we are going to continue with that trend.
At the current level we have two potential long opportunities:
1.Price action pulls back to form structure at the 38.2% fib level and forms a higher low with strong bullish setups. Look to target higher toward the monthly zone and -27% fib level.
2.Price action momentum continues and pushes through our monthly zone. Look to enter on a higher low above this zone. Target significant resistance level.
For us to consider short opportunities we need to see a significant bearish transition and a break below 121.250 with confirmed lower highs. Target low toward significant support levels.