EUR/JPY - Decision Point!
Monthly:
Impulse with correction to 50% Fibo levels and 3 times tested weekly level.
Weekly:
Interesting situation! After bearish impulse the price form double bottom with strong impulse without test yet! The price already touch for the 3rd time bearish weekly trend line and is on a 61.8% Fibonacci zone ... So is very possible to make bearish move!
Daily:
We have break of daily bearish trendline, break of daily resistance line and test with bounce.
4h:
The price forming bearish candle formation "Evening Star" from weekly trendline and now is time to touch for the 3rd time 4 hour bullish trendline.
Wait for candle formation!
This is only for education and I am not financial adviser!
Impulse with correction to 50% Fibo levels and 3 times tested weekly level.
Weekly:
Interesting situation! After bearish impulse the price form double bottom with strong impulse without test yet! The price already touch for the 3rd time bearish weekly trend line and is on a 61.8% Fibonacci zone ... So is very possible to make bearish move!
Daily:
We have break of daily bearish trendline, break of daily resistance line and test with bounce.
4h:
The price forming bearish candle formation "Evening Star" from weekly trendline and now is time to touch for the 3rd time 4 hour bullish trendline.
Wait for candle formation!
This is only for education and I am not financial adviser!
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