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araguaney
May 15, 2016 3:34 PM

EURJPY A 2618 TRADE IN THE MAKING Long

Euro Fx/Japanese YenFXCM

Description

EURJPY CONTINUES IN A DONWARD TREND CHANNEL JUST BEFORE THE MOVE UP IT IT A DOUBLE BOTTOM WICH I THINK IS ACTUALLY A TRIPLE BOTTOM SO IM LOOKING FOR A 618 RETRACEMENT WICH IS ALREADY ALMOST THERE

IM PUTTING THE ENTRY A LITTLE BIT LOWER SINCE THAT RED LINE HAS BEEN A RESSISTANCE LINE BEFORE, I DONT KNOW IF ITS GONNA BREAK THE DOWNWARD CHANNEL I THINK ITS PROBABLEY A RETRACEMENT BEFORE CONTINUES TO GO DOWN TO ITS DAILY RESSISTANCE WICH IS THE BLUE LINE SHOWN.

SO LETS SEE HOW IT GOES
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