EURJPY Daily Analysis
W - Bullish, price is retracing to the last high at the 127 area
D - Bearish, lower lows and lower highs, price is currently in a deep retracement, and is finding some resistance at a minor level
4 - neutral, price is in a bullish retracement and is looking pretty over extended
1 - Bullish, Higher highs and higher lows
Scalping entries -
129.50 seems to be an area with a lot of reactions, I would like to take a short on the retest of the area if a rejection candle prints. I will stay reactive and if price breaks above I will look to enter a long on the retest above.
D - Bearish, lower lows and lower highs, price is currently in a deep retracement, and is finding some resistance at a minor level
4 - neutral, price is in a bullish retracement and is looking pretty over extended
1 - Bullish, Higher highs and higher lows
Scalping entries -
129.50 seems to be an area with a lot of reactions, I would like to take a short on the retest of the area if a rejection candle prints. I will stay reactive and if price breaks above I will look to enter a long on the retest above.
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