The market created bullish engulfing pattern last week on weekly timeframe. It would be better if the market can start to have a retracement before going to
the upside.
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I would like to see a correct after market creates a movement to the upside. If there is still a red candle at yesterday on daily timeframe, I believe the market needs correction for the short term. If you like my analysis, please support it with your comments and likes.
In general, EUR/JPY is in the bearish. However, the market may go up for a while before the continuation to the downside. Those who want to sell EURJPY can be patient and wait for better opportunity.
Currently, NZDJPY is near the support level on daily timeframe. I expect that the market could go up to test the key resistance level, and then we could see a the movement to the downside.
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In my opinion, EURUSD should not break the strong resistance (around 1.1758) on daily timeframe. If EUR breaks this level, I would not be interested in this pair. I personally expect to see a continuation to the downside from two resistances.
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I am looking forward to seeing possible short opportunity.
If you like my analysis, please support it with your comments and likes .
Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign exchange. All content on this article is mainly for informational purposes.
If you like my analysis, please support it with your comments and likes.
Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign exchange. All content on this article is mainly for informational purposes.
If you like my analysis, please support it with your comments and likes.
Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign exchange. All content on this article is mainly for informational purposes.
If you like my analysis, please support it with your comments and likes.
Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign exchange. All content on this article is mainly for informational purposes.
If you like my analysis, please support it with your comments and likes.
Disclaimer: This analysis is not investment advice. There is a high risk in trading foreign exchange. All content on this article is mainly for informational purposes.
