The price is locked in a range. Within that range the price is bullish bearish strength and force. So:
Expected to break the level X or Y if you do not want to make a risky trade. If you are one of those who risk also I show a most likely scenarios of success.
Price is drawing a dual force right now, but it would finish when price go out of this dynamic bullish...
After breaking the 2176 really expected a downward expansion until 2157 but when the movement publish the idea had not finished form. Today we can see clearly that it was a trap market that relies on a parallel of my dynamic line.
The 2183 at a key point, so far, tried to break it twice without success but it is still early and the price is pushing up.
So until...
The price is locked in a range. Within that range the price is bullish bearish strength and force. So:
Expected to break in X and Y if you do not want to make a risky trade. If you are one of those who risk also I show a most likely scenarios of success.
The price fails to reach a new high while bouncing on top of the dynamic range.
Yesterday announced the bearish movement but its contraction lasted until touching the dynamic angle. We are in a good area to sell high.
The price finally broke that range between 584 and 600 in which he spent the entire previous week.
Now, the price returns to the area of the start of the last true expansion, if it breaks that level downward movements describing as drawn in my graph we can expect a downward movement even 509.
The other possibility is that the price where this rebound to 600...
FX:EURJPY
DYNAMIC RANK
We can see a beautiful dynamic rank. It can be broken to down offering a short position with 3:1 ratio and low risk.
If it's not broken we can put a long position in the below line of the rank searching for the last real maximum.
