Possible long entry for "shorter" term trade EUR/JPY
Hello world,
found a possible long entry for a shorter term swing trade.
We have:
- decreasing candle sizes signaling momentum loss
- big weekly support line reached which has been hit several times
- price action forming below the candles also signaling momentum loss and might indicate a short term reversal
- weak, but not underbought RSI
I'd set this up as a short-term swing trade on a 5-8 day basis.
Look into it, one might find this usefull.
All the best,
c4ss10p314
found a possible long entry for a shorter term swing trade.
We have:
- decreasing candle sizes signaling momentum loss
- big weekly support line reached which has been hit several times
- price action forming below the candles also signaling momentum loss and might indicate a short term reversal
- weak, but not underbought RSI
I'd set this up as a short-term swing trade on a 5-8 day basis.
Look into it, one might find this usefull.
All the best,
c4ss10p314
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Turned around. Might continue 4D channel now and actually break the .450 W-line
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stoploss on breakeven