an idea on what's going on with EJ pair.
Info:
- 1 Day down trending
- 4 Hr down trending
- Broke 0.618 fibo line but still got 2 support at 135.731
What was on my mind:
- Winning trade will go on SELL
- Open trade if price below 0.764 fibo line
- Looks a like bullish descending triangles
- If price broke to the 0.764, price will go down to 1.176 fibo line , sizing anchor from the triangle
- Will look at the news.
- Putting stop loss at the last resistance
What will happen if Japanese going strong:
- Breakout at resistance line.
- Retest on line 0.382 and 0.236
- Else, trend will be bullish, and winning will be buy
Info:
- 1 Day down trending
- 4 Hr down trending
- Broke 0.618 fibo line but still got 2 support at 135.731
What was on my mind:
- Winning trade will go on SELL
- Open trade if price below 0.764 fibo line
- Looks a like bullish descending triangles
- If price broke to the 0.764, price will go down to 1.176 fibo line , sizing anchor from the triangle
- Will look at the news.
- Putting stop loss at the last resistance
What will happen if Japanese going strong:
- Breakout at resistance line.
- Retest on line 0.382 and 0.236
- Else, trend will be bullish, and winning will be buy