EURUSD is looking bearish, that makes EURJPY pair look kind of bearish. Furthermore, the trend is going down and has not revealed to me any signs why tomorrow it shouldn't do the same. There is a pullback now and it looks approximately done so I think this is a good short term shorting opportunity. Thanks for reading.
Long points: 1.Trend continuation !!! 2. Structure + Fib levels !!! 3. Good reward/Risk ratio !! 4. Little RSI divergence ! 5, Australia Dollar price is highly related to commodity prices which are mainly going down !!! Negative side: 1. Estimated (not back-tested) probability 49%+/-7% 2. What positive or negative aspects...
Everything can be seen or read on the CHART. 1. Winter Demand UP 2. If Dollar goes Down Price(NatGas) UP 3. Positive Technical Analysis 1.+2.+3. = ====>> to rocket UP; explode(?)
Short term short looking for some 47,48 pip. Position opening place, exits can be seen in the photo. Bases: Down trending channel inside a down trending channel with rsi(3) at 90.