As much as I enjoyed the last minute rally of EURJPY Friday those final minutes of fireworks may not have been quite enough for a reversal.
- Fridays candle did not exceed Thursdays - the majority of 1day indicators still begging for a lower price to truly stabilize this before a stable Bull run - previous Bull Fib study remains our compass
Strong/sustained opening Sunday look for the .382 to be pushed through @ 121.1004 Weak/sustained opening Sunday look for the .786 to be tested @ 119.2194
There were a lot of last minute Long gambles put on the table Friday but the market Bear has not yet been confirmed as asleep through current 1day indications.
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they say if you stare at a chart long enough patterns will form, legit or not
Im done with this one for now getting excited for another study on WTI Crude
enjoy
Trade closed: target reached
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some beautiful moves down and back up in the 120.30 to .618 range
hope you made some pips
I think we are getting long in the bear tooth, possibly article 50 is one major wild card but the technicals looking tired out