EURJPY 30min Analysis April 20th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price break above our edge of value 130.100. We will then wait for a retrace and for 130.100 to act as support. Enter on strong bullish setups, first targeting our edge of value 130.400.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 130.100. We will then wait for a retrace and for 130.100 to act as resistance. Enter on strong bearish setups, first targeting our point of control around 129.750.
Trade Scenario 2: Bearish - For us to go short we want to see price break below 130.100. We will then wait for a retrace and for 130.100 to act as resistance. Enter on strong bearish setups, first targeting our point of control around 129.750.
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