Anbat
Short

EURJPY- Bearish 1st Trading Day!!!

FX:EURJPY   Euro / Japanese Yen
24 0 5
Placed a pitchfork indicator over PA, now PA is below middle of pitchfork . Has been bearish for last two hours of trading on chart. Please see chart for more details, major SUPPORT is at 113.000, but around all price numbers like 113.300, 113.200, 113.100 etc... PA will fluctuate and do some consolidation before moving in a bearish direction.

RSI indicator is below 50. Big trend on higher time frame charts show a bearish trend which will continue for rest of 2016. Price action is number one in trading, then trends and support and resistance areas. Trade PA areas when it breaks areas of price action consolidation or areas of support and resistance . It is a conservative way to trade.
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