做空

EURJP Local S/R| Swing High| .50 Fibonacci| Price Action

Evening Traders,

Today’s analysis – EURJPY- trading at a key trade location where a bearish retest is probable,

Points to consider,
- Price action impulsive
- Local S/R objective
- Local S/R Zone Resistance
(.50 Fibonacci Confluence)
- Oscillators neutral

EURJPY’s immediate price action is impulsive below Local S/R zone that has technical confluence with the e.50 Fibonacci, this allows for a bearish bias.

The Local S/R is objective, price action exceeding this level is likely to lead to further decline

The immediate oscillators are trading neutral, is reversion in price action will lead to acceleration.

Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger

The_Alchemist_Trader_

Join the Free Trading Group

Telegram: t.me/freetradingden 🔥

Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist

Stay sharp, trade smart.
— Team The Alchemist ⚔️

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。

The_Alchemist_Trader_