EURJPY TECHNICAL ANALYSIS:
Price action: eurjpy failed to make a new high in h4 chart and is currently trading above the 400 hour simple moving average, if price broke it and closed with at least 3 h4 candles below the moving average you can open a short trade until the support as highlighted in the chart, use a small stop loss. It can occur tomorrow or monday, if by monday that moving average won t be broken ignore this idea.
Frank Trader
Enjoy your trading and use a proper money management!!!
Price action: eurjpy failed to make a new high in h4 chart and is currently trading above the 400 hour simple moving average, if price broke it and closed with at least 3 h4 candles below the moving average you can open a short trade until the support as highlighted in the chart, use a small stop loss. It can occur tomorrow or monday, if by monday that moving average won t be broken ignore this idea.
Frank Trader
Enjoy your trading and use a proper money management!!!
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