EURJPY has broken out of a long-term supportive trendline, indicating bearish power. Currently, EURJPY may be retesting the broken supportive trendline, as well a local supply zone on the 4HR timeframe, presenting an opportunity for bears to go short on the pair.
Ensure proper risk management is used, and wait for the market to give you a valid entry that satisfies your strategy.
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Best of luck traders!
Ensure proper risk management is used, and wait for the market to give you a valid entry that satisfies your strategy.
Be sure to follow me for more ideas and analyses.
Best of luck traders!