Waiting for confirmations and support of levels marked out above.
Wicks thrown to the downside, means price is rejecting the downside movement.
so my thoughts on EURJPY it retraced its way back to the resistance level, and looking back it has touched that level like four times, seems like a pretty strong level to break. uhm the way it has retraced to the resistance level i'll be expecting a really strong movement on the down side, trust your insticts right? Have a profitable Tuesday. drop your thoughts...
EJ will turn upside from trendline Please support by liking , thanks
- Price reacting to major support level at previous extreme lows since oct. '19 Entery level- 116.981 SL- around 116.229 TP1- 119.223 TP2- 120.513 If price breaks above level 119.223
As mentioned, EJ unable create higher high at the resistance and start fall break the support line. i expected it will pull back 121 level and fall to another 118.676 level
We see a probable buy on 4hr targeting the descending trend line. Buying pressure currently strong.
I shared my analysis on EU & UJ, both can see their bullish momentum are picking up. Also, there's a clear HNS can be seen. Setup: HNS Confluence: CRS BRN Entry: Buy @ 118, SL @ 117.20 (80 pips), TP @ 120.00 (200 pips) TAYOR & Let me know what you think
Disturbance zone at 122.723, possible re-test of zone fo a move to the upside to zone 123.477 Twin trade
Rejection of 61.8% fib TP @ -27 fib extension SL 15 PIPS below 78.6% fib