EURJPY 30min Analysis February 18th, 2021
Price is continuing a slow uptrend back to our key structure zone of 127.900.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our structure zone of 127.900 and fall below our supporting trend line. We will then wait for a retrace and a clear LH to form. We will look to enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our structure zone of 127.900 with conviction. We will then wait for a retrace and for 128.00 to flip as support.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our structure zone of 127.900 and fall below our supporting trend line. We will then wait for a retrace and a clear LH to form. We will look to enter on strong bearish setups.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our structure zone of 127.900 with conviction. We will then wait for a retrace and for 128.00 to flip as support.
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