Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURJPY
Time-Frame : Daily
Biased : Bearish
Outlook : Currently price action is re-testing a key resistant level which is at the top of a uptrend.
I'm more favourable towards the completion of a double top due to 7 days of price action not being able to break the red highlighted zone that represents the resistant level being spoken on.
So based of this analysis I'll be waiting for a break of the red outlined highlighted zone then followed up with a retest once a pull back takes place, for potential trade for further downside if personal entry criteria occurs.
Pair : EURJPY
Time-Frame : Daily
Biased : Bearish
Outlook : Currently price action is re-testing a key resistant level which is at the top of a uptrend.
I'm more favourable towards the completion of a double top due to 7 days of price action not being able to break the red highlighted zone that represents the resistant level being spoken on.
So based of this analysis I'll be waiting for a break of the red outlined highlighted zone then followed up with a retest once a pull back takes place, for potential trade for further downside if personal entry criteria occurs.