EURJPY Rally ending on a gravestone doji?

FX:EURJPY   Euro / Japanese Yen
563 12 28
I believe that the wave 2 rally has ended with an gravestone doji/inverted hammer hitting resistance and with a decrease in volume . Would like a divergence to be forming to give me more confirmation but there is still none.
Comment: Did this work so far or what?
Comment: another possible entry at the cross of the blue dashed
Price actually pushed up , do you think of that as a retracement or a reversal?
TAS ChrisMark
Retracement. Was NY open, expect price to move the other way. I think it's a retracement. keep to your plan Chris
+1 Reply
thanks for the replys Tas
hi Tas, could you share the use of volume in forex? i was told volume is not a good measure for forex but better for stocks and indices, its that true? how can i tell if the volume up or down is from buyers ors sellers? thank you very much
TAS dchua1969
Volume on stocks is real volume, volume on forex is tick volume from your broker. You can see if the volume is interest on short going into smaller timeframes and see if the spikes in volume are on green or red candles. Study wyckoff
Hi Tas, I'm already short EJ.

Please inform me when you have also taken a short position so my confidence increases. LOL
TAS Hanu727
Hanu, I'm already short like you. Wanting to see if it holds the pattern and does not break this channel.
I have a feeling it's going to 1.1650 before heading back down.
TAS Hanu727
Yes, one leg up missing, may go up to the green zone again. Thanks
I love your analysis. Always tops. Thanks for sharing
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