I hope all Godal Member's, Traders and Aspiring Traders are all having a good start to the week and congrats to anyone who decided to use the previous charts analysis as a signal should be starting and ending last week profitable. Todays shared post is on .....
Pair : EURJPY
Time-Frame : Daily
Biased : Shorts / Bearish
Outlook: This chart analysis is based on break of a bullish daily trend and the identified formation of a head and shoulders forming . Now a new lower low has been made I will be waiting for a pull back to retest the new resistant level that has formed due to the support level being broken. Translating the new resistant level to the identified chart pattern, this will be the retest of the neck line and if personal entry criteria presents it self. I will be looking for further down side.
Pair : EURJPY
Time-Frame : Daily
Biased : Shorts / Bearish
Outlook: This chart analysis is based on break of a bullish daily trend and the identified formation of a head and shoulders forming . Now a new lower low has been made I will be waiting for a pull back to retest the new resistant level that has formed due to the support level being broken. Translating the new resistant level to the identified chart pattern, this will be the retest of the neck line and if personal entry criteria presents it self. I will be looking for further down side.