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50 FIB LINED UP WITH CURRENT SUPPORT LOOKED DOWN TO 4HR WEVE GOT A DOJI WHICH IMPLIES A CHANGE OF TREND TO THE UPSIDE AND ITS BONCED OFF THE TREND LINE.

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SET UP IN COMING IN PLAY

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AS MY LAST POST ON EJ ARE SET UP IS NOW COMPLETE AND WE ARE NOW IN THE TRADE FOR FURTHER DOWNSIDE MOVEMENT TOWARDS 125.255 LETS SEE HOW IT PLAYS OUT

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BULLUSH AWAITING A PULLBACK ON THIS PAIR TO ADD ANOTHER POSITION TARGET @1.60635

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BEEN BEARISH ON THIS PAIR FOR A WHILE NOW 1ST TARGET GOT HIT NOW AWAITING 2ND TARGET TO GET HIT PATIENCE AND DISCIPLINE

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THIS PAIR BEEN BEARISH SINCE LAST YEAR LONG TERM TREND LINE GOT BROKEN EARLY THIS YEAR AND NOW WE ARE ABOUT TO CREATE NEW HIGHS BROKE ABOVE MONTHLY RESISTANCE AND DAILY RESISTANCE NEXT TARGET WE ARE LOOKING AT IS THE MONTHLY RESISTANCE @ 0.77897

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LONG TERM TREND LINE GOT BROKEN LAST YEAR NOVEMBER AND BROKE BELOW OUR 50 SMA (RED LINE ACROSS THE SCREEN) SINCE THEN WEVE BEEN HEADING DOWN I WAS IN THIS TRADE LAST WEEK BUT GOING TO ENTER AGAIN FOR FURTHER DOWNARDS MOVEMENT TO MONTHLY SUPPORT @ 160.491

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TWO WEEKS ON THE WEEKLY CHART ON THIS PAIR WE GOT A HAMMER WHICH INDICATED THERE WOULD WE ALOT OF BEARISH MOVEMENT FOR THE FOLLOWING WEEK WHICH THEN HIT MY 61.8 FIB, NOW THATS ALL OVER WE ARE STILL LONG ON THIS PAIR HEADING FOR LEVELS ABOVE 1.01000

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UPWARDS CHANNEL BEEN LONG ON THIS PAIR FOR A WHILE NOW JUST RECENTLY BROKE RESISTANCE WHICH IS NOW SUPPORT AT LEVEL 1.41599 AND NOW HEADING TO NEXT MONTHLY RESISTANCE LEVELS 1.46644

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BROKE DOWNWARDS CHANNEL AND HEADING DOWN EVEN FURTHER TO LEVELS 1.41024

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STILL WAITING ON MORE PRICE ACTION ON THIS PAIR

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DOWNSIDE CHANNEL NEARLY THE SAME THING AS EURJPY WAITING FOR PULLBACK TO 50 FIB THEN ENTER FOR A SHORT SHORT ALL THE WAY TO MY FIB -0.27 (0.59259) WHICH ALSO LINES UP WITH MY SUPPORT TO GET A CLEAR VIEW OF THE CHANNEL GO DOWN TO THE DAILY

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DOWNSIDE CHANNEL TO GET A BETTER VIEW ON THE CHANNEL GO TO THE DAILY CHART GIVES IT A CLEARER VIEW STILL DOWNWARDS MOVEMENT 1ST TARGET BEEN HIT, WAITING FOR SECOND TARGET TO BE HIT

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DOWNSIDE CHANNEL NEVER GO AGAINST CURRENT TREND WAITING FOR RETEST AND ALSO FOR IT TO BOUNCE OFF MY TRENDLINE AND DAILY RESISTANCE 50 FIB LINES UP EXACTLY WITH RESISTANCE THIS A STRONG INDICATION PERSONALLY THAT TREND WILL CHANGE AND WE CAN THEN ENTER FOR A SELL TO LEVELS 125.255 ALSO RSI SHOWS THAT ITS BEEN OVERSOLD SO CURRENTLY JUST WAITING TILL WE CAN GRAB...

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PERSONALLY OVERALL BIAS ON THIS PAIR IS BEARISH THE 50 SMA CLOSE ACTED AS RESISTANCE WAITING FOR MORE CONFIRMATION LOOKING FOR IT TO HEAD TO BELOW LEVELS 1.60000

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good sell

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