Euro / Japanese YenShort
EURJPY Trade Scenarios as of 2/17/20 - 3:23 PM ET (UTC-5)
EUR/JPY Trade Watch Update
02/17/2020 - 3:21 PM ET (UTC-5)
Reversal Scenario - If market buyers are going to overtake sellers, need to see a confirmed Sanyaku Kouten reversal. If so, will place a buy on price close above the Kumo.
Trend Continuation Scenario - Based on the Daily Chart, EUR/JPY is still in a solid downtrend. Waiting to see if price retraces into the Kumo, then pushes down again with a full Sanyaku Gyakuten bearish signal to sell.
02/17/2020 - 3:21 PM ET (UTC-5)
Reversal Scenario - If market buyers are going to overtake sellers, need to see a confirmed Sanyaku Kouten reversal. If so, will place a buy on price close above the Kumo.
Trend Continuation Scenario - Based on the Daily Chart, EUR/JPY is still in a solid downtrend. Waiting to see if price retraces into the Kumo, then pushes down again with a full Sanyaku Gyakuten bearish signal to sell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.