nmike
Short

A huge weekly Trix negative divergence playing out.

FX:EURJPY   Euro Fx/Japanese Yen
959 5 24
Bearish candle stick action below the 34ma and bearish indicators point to further downside for EURJPY             . I placed on the chart the next 3 downside levels including the bottom of the band. Confirmation of further downside is the Trix14 and or Fisher 34 falling below mid point. For sample set ups on this system see link below.
...from S1 to R1 resistance...nice!
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....support / resistance playing out well, after rejection at R1 price fell back to S1 and then S2
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...what a nice bull run after breaking R1 trend line
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Nice chart Mike
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