EURJPY 30min Analysis March 10th, 2021
Price has been ranging between our key weekly levels for the past week. We are looking to continue the range short or waiting for a breakout to go long.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our key weekly level of 129.400. We will then enter short on strong bearish setups off this level, first targeting our demand zone of 129.00
Trade Scenario 2: Bullish - For us to go long we need to see price break above 129.500. We will then wait for a retrace and for 129.500 to act as support.
Trade Scenario 1: Bearish - For us to go short we need to see price reject off our key weekly level of 129.400. We will then enter short on strong bearish setups off this level, first targeting our demand zone of 129.00
Trade Scenario 2: Bullish - For us to go long we need to see price break above 129.500. We will then wait for a retrace and for 129.500 to act as support.
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