EURJPY 1hour Analysis December 22nd, 2020
EUR/JPY OANDA:EURJPY
Trade Scenario 1: Bearish - Price has broken below our 200MA on the 1h and 30min timeframe once again. If we are to look short we need to see a clear LH form below the 200MA and around the weekly level at 126.23. Enter on bearish engulfing /variations.
Trade Scenario 2: Bullish - If we are to look long we need to see price break above the 200MA on the 1h timeframe. We will then look for a retrace and a HL to form at or above the weekly level at 126.23. Enter on bullish engulfing /variations.
from Trading Ideas https://ift.tt/3h8FASI
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