EURJPY 30min Analysis April 7th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price find support at our edge of value at 130.300. We will then enter on strong bullish setups, first targeting previous highs around 130.600
Trade Scenario 2: Bearish - For us to go short we need to see price break below our edge of value at 130.300. We will then wait for a retrace and for 130.300 to act as resistance. Enter short on strong bearish setups, first targeting 130.000.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our edge of value at 130.300. We will then wait for a retrace and for 130.300 to act as resistance. Enter short on strong bearish setups, first targeting 130.000.
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