hello everyone jpy is a kind of monster this days but it seems we are facing with at least retracement or revers because of RSi and moving average and some indicators
actually there is a head and shoulder pattern in h4 time frame that target is 40pip lower but its again logical to wait for our theory that this channel is correct or not
if price made a new low in this channel then start to go up we can count on channel as well
but dont forget to manage your money in this risky trades
i thought its a good time to wait for more confirmations
our major trend is bullish here and we expect retracement to 61.8 % fibonacci level
if price passed 78% we have Sl there
actually its better to wait and wait and wait
Trade is risky and only patients can survive
if price passed this channel its great time to go short because this is last channel bullish in this pair that exists
actually there is a head and shoulder pattern in h4 time frame that target is 40pip lower but its again logical to wait for our theory that this channel is correct or not
if price made a new low in this channel then start to go up we can count on channel as well
but dont forget to manage your money in this risky trades
i thought its a good time to wait for more confirmations
our major trend is bullish here and we expect retracement to 61.8 % fibonacci level
if price passed 78% we have Sl there
actually its better to wait and wait and wait
Trade is risky and only patients can survive
if price passed this channel its great time to go short because this is last channel bullish in this pair that exists
Comment:
another confirmation for the key price
Comment:
in weekly we have an bullish channel that recently touched bottom of channel
Comment:
something that reject my idea about bullish market
Comment:
daily time frame based on Eliot Wave analysis
