EURJPY short to 1.19360
Macro analysis; Taking a look at the most recent price action, we can see 3 times where the price spiked above 129.40 and closed below. After price firmly touched the liquidity band in 129.60/80 to the tea, the price fell down, creating a new lower low below the daily key line. The next candle up doesn't show much volume which might indicate a loss of steam. Money has been picked up, seeking to a drop off at 1.19360, where the next key daily level is + liquidity band. Daily and weekly timeframes also indicate new bearish momentum with multiple spikes to the upside.
Micro analysis; Price went down after a touch of the HTF liquidity band. Creating a new Asian low, after that the Asian session took price higher, creating an Asian high which got tested 3 times before falling off. 15M closure below the macro key line is an indication to open this position.
Main negatives:
- Price is trading above the daily key line of 129.20
- Price requires to break multiple key lines
- Short term trend is bullish (higher high, higher low; Next 4H candle will determine a lower low or higher low)
Micro analysis; Price went down after a touch of the HTF liquidity band. Creating a new Asian low, after that the Asian session took price higher, creating an Asian high which got tested 3 times before falling off. 15M closure below the macro key line is an indication to open this position.
Main negatives:
- Price is trading above the daily key line of 129.20
- Price requires to break multiple key lines
- Short term trend is bullish (higher high, higher low; Next 4H candle will determine a lower low or higher low)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.