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N0ST0PL0SS
Feb 5, 2021 8:49 PM

EURJPY Possibilities 

Euro / Japanese YenFOREX.com

Description

I'm expecting price to make it back up to the range, which is a key level in determining the next trading opportunity IMO.

There is a possibility of price breaking with strong buyer volume and retesting, and at that point depending on I see, I will be looking for a long to the -0.272 level.

If strong sellers come back in at this level, we may see a rejection back to the trend line, to which we would have another test of the key level and an ascending triangle.

There is also the possibility of a harmonic pattern completing at the key level which will signal a short-term reversal.

Comment

Daily Chart
Comments
Dave-FX-Hunter
Good view, thanks for sharing
N0ST0PL0SS
@Dave-FX-Hunter, No problem!

Thanks for the response.
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