EURJPY
With this pair iam looking for a possible shift lower into the areas of demand we have marked below...knowing what we do of this pair we've seen some very strong bullish moves of lately and we don't want to get caught out trying to trade it lower IF it still wants to find higher prices.
We've seen a short term breakdown and we are currently sitting inside an area of supply so if we do have a sell off at market open then a reversal could be on the cards...
overall iam aiming to try and short this into a new downtrend but i will take longs out of our demand if they offer trades before a true sell off.
if this idea is incorrect il be looking towards the bigger supply we have above.
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.
With this pair iam looking for a possible shift lower into the areas of demand we have marked below...knowing what we do of this pair we've seen some very strong bullish moves of lately and we don't want to get caught out trying to trade it lower IF it still wants to find higher prices.
We've seen a short term breakdown and we are currently sitting inside an area of supply so if we do have a sell off at market open then a reversal could be on the cards...
overall iam aiming to try and short this into a new downtrend but i will take longs out of our demand if they offer trades before a true sell off.
if this idea is incorrect il be looking towards the bigger supply we have above.
Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think.
As always guys trade safe, stick to your trading plan.
I hope you all have an amazing trading week.