Potential short on EURJPY
As you can see price has been giving us bullish price action which in turn has created an ascending channel. If my Elliot wave counting is to be assumed as correct we could see price start to create its final bullish wave before giving us a bearish reversal. If so, price could potentially rally to the 144.303 level. If price rejects this level as resistance we could see price retrace towards our trendline support, giving us a retest and potentially breakout to the downside. If price were to breakout, we could see the EURJPY fall to 124.577. However, if price were to break past our key level of market structure at 144.303, and hold it as support this would invalidate our trade as we could expect price to continue to push to the upside for a significant period of time.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.