One to watch on Monday

FX:EURJPY   Euro / Japanese Yen
- Break and possible retest of bullish trend line
- Recent Double top formation
- Price appears to be making its way to an area of interest between the 0.5 & 0.618 Fib levels (area of support turning into resistance)
- Possible touch of the 50 EMA

I will be waiting for price to retrace further into the area of interest then obviously waiting for some form of confirmation and then entering going short

I think this is a high probability trade but risk management is key & always

I'm relatively new to trading & analysis so any feedback or advice would be greatly appreciated :)


overall trend is up why would you sell bet u got shafted
+6 Reply
Todd98 joshmondo
@joshmondo I ended up not entering, didn’t see what I wanted to see so no harm done
mygamu joshmondo
@joshmondo, true that was clear, it was going to BUY.
Google SMC.. that stop got blown through, be well.
+5 Reply
I think you had a great analysis but just the wrong way! Keep up the good work buddy
+4 Reply
Double Top = Liquidity

Basic Retail Trading look into smart money concepts
+1 Reply
this aged well
+1 Reply
Todd98 HenryFX06
@HenryFX06 boring 🥱
how long have been learning bro? analysis is good! hope your bias is correct.
+1 Reply
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