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Have been monitoring EUR/JPY on all timeframes for a substantial amount of time
Higher high + higher low P.A formation carried out in the weekly uptrend..
Fib A,B,C formation in play with D extension (153.00) yet to be achieved.
Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.
Higher high + higher low P.A formation carried out in the weekly uptrend..
Fib A,B,C formation in play with D extension (153.00) yet to be achieved.
Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.
Comments
so i have to agree with AstroForex in this.
I dont mean Yen's VALUE, it is a different subject and it changes by the point of view.
I want to emphasize the way eur/jpy' PRICE is calculated.
Thanks.
eur/jpy = eur/usd * usd/jpy
what is your thought on usd/jpy? Does it support your idea?