Hello and welcome to my Trade Idea of the currency pair EUR/JPY. Lets start with the Top Down Analysis. Monthly: Monthly is in a very strong downtrend. Weekly: The weekly timeframe is bearish too. Daily: On daily we see it's also bearish with nearly no pullbacks. H4: On the h4 timeframe we draw the downside trendline and the counter trendline and expect...
The market has reached resistance level. we see a major price rejection
The EURAUD give us a story quite similar to the one we see in the GBPCAD. The price been trading cleara bearish channel . Last week the price has finally broke the TL that has maintained the price until then. Right now, and after the strong bullish movement, the price will start a correction until the interest red zone. (S and R). Then, I expect a strong...