EURJPY May Be Dropping!
According to my previous idea, I mentioned how EJ was going to reach the weekly/monthly resistance zone and reject to the downside long term. It is now rejecting that zone, so as a result we can see on the 4H time frame EURJPY has created a double top and has broken my trendline, trend structure, AND my zone(not referring to the gap). I'm going to allow price to retrace back into my zone and wait for a rejection at or near my zone to sell long term back down towards my 3 targets!
On the other hand, there is a STRONG possibility that price can continue bullish and if price just so happens to do so by breaking and retesting my orange zone, I will be looking to scalp or day trade for a few pips or so.
*This is just my personal opinion. This is NOT financial advise in any shape or form as I am no financial advisor*
On the other hand, there is a STRONG possibility that price can continue bullish and if price just so happens to do so by breaking and retesting my orange zone, I will be looking to scalp or day trade for a few pips or so.
*This is just my personal opinion. This is NOT financial advise in any shape or form as I am no financial advisor*
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