Hi Traders
Potential retest of the former resistance on EURJPY on the 4h timeframe. Stop could be placed just below 124.000 a clear psychological level.
This could be a nice start into the week. If you are awake at the opening, look out for price action on the lower timeframe in the retest-area to get a clue if that level will hold or not. For just entering a limited order this might be a bit risky as the effects of the weekend and the overall sentiment of the markets are not known now.
Potential retest of the former resistance on EURJPY on the 4h timeframe. Stop could be placed just below 124.000 a clear psychological level.
This could be a nice start into the week. If you are awake at the opening, look out for price action on the lower timeframe in the retest-area to get a clue if that level will hold or not. For just entering a limited order this might be a bit risky as the effects of the weekend and the overall sentiment of the markets are not known now.
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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.