InvestMate|EUR/JPY Monday's southbound play💶💴
💶💴EUR/JPY Monday's southbound play.
💶💴It was once again time for the EUR/JPY in my execution.
💶💴After the beautiful downward slide that EUR/JPY made, I of course predicted that this would happen in previous posts on this pair. It' s time to attack the declines once again.
💶💴Looking at the appearance of Friday's downtrend candle and looking at the momentum with which the pair was falling against the euro just before the close of the session, it looks to me like the possibility of a continuation of the declines that could take place over the next few days.
💶💴 There is a strong support zone ahead. Really strong because this time I have measured all the waves one by one since the start of the quotation with fibo measures so that their effectiveness and strength is reinforced.
💶💴The support zone results from a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom.
💶💴I determined the resistance zone based on the 0.886 level of the wave from the 2014 peak to the 2016 bottom and taking into account that this was a highly respected level in the past.
💶💴The scenario I am playing out is a continuation of declines to the level of a strong support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💶💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
💶💴It was once again time for the EUR/JPY in my execution.
💶💴After the beautiful downward slide that EUR/JPY made, I of course predicted that this would happen in previous posts on this pair. It' s time to attack the declines once again.
💶💴Looking at the appearance of Friday's downtrend candle and looking at the momentum with which the pair was falling against the euro just before the close of the session, it looks to me like the possibility of a continuation of the declines that could take place over the next few days.
💶💴 There is a strong support zone ahead. Really strong because this time I have measured all the waves one by one since the start of the quotation with fibo measures so that their effectiveness and strength is reinforced.
💶💴The support zone results from a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom.
💶💴I determined the resistance zone based on the 0.886 level of the wave from the 2014 peak to the 2016 bottom and taking into account that this was a highly respected level in the past.
💶💴The scenario I am playing out is a continuation of declines to the level of a strong support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💶💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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