We are not yet in a situation of buying, but we still waiting to break the level of 15756.25 to sell, because after the confirmation of how buyers reacted to bearish movement and breakout of the trading range, I still waiting for good opportunity
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
Validated confluences
1.Trendline validated
2.Previous Resistance broken (breach of opposing zone)
3.Price action hit support zone
4.Trading with the trend
5.Pin bar being the last candle
