...despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ.
Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right...
This analysis includes the monthly, weekly, daily and four hour charts.
On the monthly chart:
It has crossed a downtrend, which is the upper leg of a continuation triangle
It is currently heading to exceed 130.924, and in case it is exceeded, the purchasing objectives will be:
(131.605 - 132.254 - 133.825 - 135.270 - 137.128 - 138.208 - 140.421 - 144.175 -...
Hello Traders, here is the full analysis for this pair. The entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Once again guys, we have another beautiful set up here.. oh btw, if you don't follow me already.. HIT THAT FOLLOW BUTTON.
Right,Right.. Let's dive into the technicals. We have a nice Bullish run before price reaches that point of resistance where price starts to retrace bearish. As you have probably gathered, my strategy is simple and I would recommend everyone...
Pending Short @ 136.50
Stop Loss @ 137.40
Target @ 134.40
RR Ratio @ 2.33
Bearish Divergence & Bearish Pin Bar On Daily Time Frame
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.