Hello traders.
I see something mixed in JPY.
For Entering short I want to see a break of structure forming lower lows and lower highs and this will be confirmed by the break of recentely checked support and the break of the ascending trendline.
For entering buy, I think it is not the most possible case due to imemdiate reaction of weekly supply zone indicating huge OB selling pressure from up there and this will shift only with a strong break and retest of the resistance.
Third scenario the price may consolidate for some time between the 144.5 and 148 finding support from demand zone and trendline.
Let's see how the JPY wil fight back the EUR.
GL.
I see something mixed in JPY.
For Entering short I want to see a break of structure forming lower lows and lower highs and this will be confirmed by the break of recentely checked support and the break of the ascending trendline.
For entering buy, I think it is not the most possible case due to imemdiate reaction of weekly supply zone indicating huge OB selling pressure from up there and this will shift only with a strong break and retest of the resistance.
Third scenario the price may consolidate for some time between the 144.5 and 148 finding support from demand zone and trendline.
Let's see how the JPY wil fight back the EUR.
GL.
Trade closed manually:
-200 pips drawdown-> +200 pips in profit