As we see some news dropping on Monday, this analysis can go sideways. keep close eye on the trend and hopefully we'll see a DOUBLE BOTTOM if it breaks through that descending triangle and be ready to go long. again take caution.
have a good weekend.
for EURJPY after technical analysis watch for tomorrow when it get's to the resistance i have put up. if it does break the resistance line and turns it into support, get in long. but it doesn't and it is just another test, get in short.
cheers!
it's a down trend structure guys and gals. just as it was predicted few days ago when it hit the highest high. stay tuned and like if you see like the analysis. if you disagree please feel free to elaborate. =)
huge fake red wick to get sellers in but instead it will retrace back to where it broke support at the descending triangle. so be cautious sellers, you might end up on a buy trend. wait for the 4hr bullish candle to close and get in as a buy.
resistance becoming support and support becoming resistance with this one for a long time. also i see a big descending triangle with the price not dropping bellow 1.20 (even number)
like the idea if you like what you see.
thank guys and gals!
