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tupaitrader
Sep 8, 2015 4:30 AM

EURJPY in correction mode. case study Short

Euro Fx/Japanese YenFXCM

Description

this analysis is just my case study on the market movement.

with the analysis on the weekly market. i think the trend downtrend.i i look go find the opportunity to go short.
the reason i say the weekly trend is downtrend is because of the price fail to find its higher high...and i think it is finding the lower low no on the weekly chart.

in the daily chart.i think the price will make the retracement before continue to go down.bcoz i see the price is extremely oversold.and shows some reversal on the candlestick.

just my analysis to study.

anyone can comment.

thanks!!
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