Following an uptrend, we have a shooting star pattern with high volume, indicating that bears are strongly rejecting the price in that area, implying that there is a strong resistance, as well as an end of the uptrend or a strong correction. Let's wait for the trendline breakout as confirmation for the entry.
Fibonacci Golden Ratio
Good Luck Investors !
this is the 4hly correction of EURJPY; price acting up and down in a channel pattern,i suggest to buy based on Belkhayate system; price is going above the VWAP and back test it and now its moving up.
Hello community;
Here are my expectations for next week:
1. A pullback on the resistance to retest the Fib Lvl.1 support (1679.6 price)
2. In case we have a bigger GREEN volume than all the past ones, the market will break the resistance.
The market will most likely retest the support, so I'm expecting a BEARISH WEEK.
GOOD LUCK !
