EURJPY short (Supply Demand, Correction Move, Trend Line)

2019-12-02 15:16:11

We are looking at the EURJPY at the daily level.

Structure:
- If you look at the structure we can see that this Up Trend is a Correction Move. I expect the price to go more to the downside.

Trend Line:
- We can also see here a Trend Line which represents the Uptrend of the Correction Move

Thoughts:
- My thoughts are that the price will break the Trend Line on the long run.
- If price will push higher wait for the retest before entering long positions.

H4:
- I also made a h4 analysis for scalping purposes so make sure to check it out.

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