as you see in the chart The Euro was sky rocking until it hits the 137.500 mark, then start to drop to the 135 in form of a descending OANDA:EURJPY triangle as you see in the chart.
now is screaming bearish all the way down to the 131.400 mark, but it can also go up to the 137 or above if a big bullish candle crossed the top of the triangle but that is a low...
euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure
look for bearish confirmation on lower time and enter short with your own money management
always remember patience and discipline are the keys to become a successful trader in Forex
euro jpy is smuggling to break the main and very strong resistance zone of 127.300 and got rejected from that supply zone.
now market is back at that zone to break and continue the bull run but as per technical aspect we can see a move to the downside for short term and that a try to break the zone
look fir bearish confirmation on lower time frame because market...
Euro JPY has broke the main zone and market is again back at the point to retest exactly at the Fibonacci retracement 38.2 and going down with good bearish momentum
look for bearish confirmation and enter with your own money management
Always remember
Patience is the Key
We have an upper supply - which is a daily supply. This is still a fresh level, however we have seen a great fake out on the lower 4 hour supply zone.
The fake outs are between the two zones, to show the hidden orders half way in a swap zone.
The overall trend is in a downtrend.
The market is currently making a good retracement but the second tap we are...
