I saw that price was not breaking Resistance Zone 0.78129 because i was being scared i did not enter this trade.
I could have simply placed a 30 pip SL above resistance zone ,
and if truly fearful entered in with a smaller lot size would have been up 200+ pips right now ... Scared Money dont make no money do better.
1/21/21 Red Candle on the Monthly Timeframe
Weekly time frame is a green candle
I see a M Formation Happening Long Term
If it breaks Resistance it will Continue up for a buy to hit next Resistance
Im Confident for a sell, Price has hit Top BB and sold back down.
Things to be mindful of price is at low point right now on the daily time frame n is selling. I'm expecting price to hit support zone 101.042 and bounce back up into a buy, could take days could take weeks this is a long term trade. If I do jump in for a sell I'm waiting on a reversal to happen to ride it down to support zone. Price is experiencing lower lows and...
EURJPY is giving me a strong indication for a buy. 3 Years ago on April 17th 2017 it bounced up from support zone 114.499 and bought all the way up and passed resistance zone 133.384. For the pass 3 years it has sold back down to support zone 114.499 to not break it but continuously buy back up recently of May 7 2020.