Anbat
Short

EURJPY - 1st Day Strategy Is Bearish

FX:EURJPY   Euro Fx/Japanese Yen
35 0 3
On EURJPY             15 minute chart, price action as hit a major resistance area of 114.000. Blue line it bullish trend line related to current trend. In my opinion: Once EMA 20 (purple line) is broken downward initially, then PA will do a retracement back up (make a double top or bearish reversal pattern)- that will be less risky to trade. Now PA on chart has been in a ranging or sideways direction<--- which is hard to trade, as a business. Next noted support area on chart is 113.600, then next support area is 113.000. Will be looking on 1 hour chart and 5 mn             charts for reversal patterns, because all charts just give you a certain moment in time and a different perceptive of price action.

*If you approach trading as a business instead of going to a casino, you will make better and stronger decisions.
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