Picture perfect?

FX:EURJPY   Euro / Japanese Yen
124 8 9
  • 0.5 Fib-retracement
  • Bearish divergence in both histogram and macd-lines
  • Downternd channel resistance
  • Potential completion right shoulder
  • MACD also showing pattern

The only thing I am scared of is that this could be a bullflag. But we have to wait untill rejection.
Bigger picture shows bullflag, carefull and monitor well!
Tested channel again and got rejected. This is a good second leg position or re-entry.
Yahia.Awes Yahia.Awes
Also this is a clear bearflag.
Not bad. Still valid.
74 views 3 likes hmm.. 300 pips so far so good, looks like people click the like button selectively without checking someones idea at all.. :D
Power of channel in combination with divergence and patterns.
I agree with you. There is a construction of the figure's head and shoulders. I expect a sharp downward movement on Monday. 200-300 points. Perhaps the gap will again.
+1 Reply
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