Happy Monday everyone!!
After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us.
Monthly Time Frame
- Downtrend line potential 3rd touch
Hello guys, Marcos Cortez here!
Today I'm gonna share with you guys my analysis for USDJPY for the next days.
In my trade plans, I'm waiting for a trigger to get into the trade, and this trigger to get the Bearish surf we can get some profits!
Monthly we have our 0.618(109.347) fibo broken, so we need to wait the 0.786(110.669 ) to make our PUT position to...
EU broke a huge consolidation area and that can be seen with the broken counter channel. Price is now retesting that breakout and could possibly fall further to make new LLs and LHs at 1.12000. with that being said, be careful of the potential double bottom for a new rally to the upside.
Follow risk/money management, there is plenty of time to become millionaire.