If you wish to knw and understand how EURUSD and USDJPY is going to move, use this INSTRUMENT, DXY!
In most cases, it points out how US Dollar is gonna behave.
In this setup, the Price broke the mainDescending trendline and then retested it by 50%_61.8% of the Fibonacci Zone.
Now i expect it to fly going for a destination correction zone of the previous impulse (Which is the previous Bullish structure). Then after that maybe we might see a continuation pattern to the downward.
Cheers
In most cases, it points out how US Dollar is gonna behave.
In this setup, the Price broke the mainDescending trendline and then retested it by 50%_61.8% of the Fibonacci Zone.
Now i expect it to fly going for a destination correction zone of the previous impulse (Which is the previous Bullish structure). Then after that maybe we might see a continuation pattern to the downward.
Cheers