Hi Traders. If you've been following my analysis, for the past 1-2 weeks I've been calling some selling opportunities on EURJPY.
144, 142, etc... all these are levels where I previously shorted it as well.
As now price is showing some pullback, the biggest reason why I've stopped selling temporarily is the way price rejected 137 key daily support.
I'll be observing 139 & 139.90, as both these levels are short-term resistance structure (value zone) where I think price should hold below, especially the 50ema & 200ema on the 4h chart.
If at any point, price breaks above the 50 & 200ema, that'd be the only scenario where I think price could possibly reverse back into a longer term uptrend.
For now if you're still looking for selling opportunities, just pay attention to 139 & 139.90 areas.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
144, 142, etc... all these are levels where I previously shorted it as well.
As now price is showing some pullback, the biggest reason why I've stopped selling temporarily is the way price rejected 137 key daily support.
I'll be observing 139 & 139.90, as both these levels are short-term resistance structure (value zone) where I think price should hold below, especially the 50ema & 200ema on the 4h chart.
If at any point, price breaks above the 50 & 200ema, that'd be the only scenario where I think price could possibly reverse back into a longer term uptrend.
For now if you're still looking for selling opportunities, just pay attention to 139 & 139.90 areas.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
