EURJPY, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
We have to take in consideration the price is currently at a monthly support.
Weekly:
Price is forming a bearish W and it is also rejecting the zone of the 61.8 and 78.6
of the weekly fib so we could see anothe tap to the montly support.
Daily:
If the daily close is bearish we could probably see a H&S pattern in play for more
downside momentum.
4H:
To take any setup we should wait for the bullish structure to get invalidated and
then look for short setup.
We have to take in consideration the price is currently at a monthly support.
Weekly:
Price is forming a bearish W and it is also rejecting the zone of the 61.8 and 78.6
of the weekly fib so we could see anothe tap to the montly support.
Daily:
If the daily close is bearish we could probably see a H&S pattern in play for more
downside momentum.
4H:
To take any setup we should wait for the bullish structure to get invalidated and
then look for short setup.
Trade active:
Monthly:
Weekly:
Daily:
4H: