Looking at the H4 chart, my overall bias for EURJPY is bearish due to the overall price moving along a bearish trendline, indicating a bearish market. Looking for a sell stop entry at 140.167, where the 38.2% Fibonacci line is located in order for a market structure break and to ride the bearish momentum. Stop loss will be at 142.939, where the 50% Fibonacci line is. Take profit will be at 137.363, where the previous swing low and equal lows are located. Equal lows do indicate underlying liquidity in that area.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.