EURJPY: Important first half of August
Hello traders, this is my end of week analysis
Weekly: We can see where we are now:
What i can see:
- Huge bearish bar appeared at stopped at Support line
- Q: Will the Bear Force strong enough to effectively break the line?
Daily: Better view: Set-up activated
My previous analysis
So what i can see now on the current chart
- Price did not touch the line yet
--> Price can either enter recovery/consodilation phase or break and drop through the trendline
- watchout for a false break
- Any news appear can be important(!)
Big week comin'up. Be patient guys.
Happy and safe trading!
Weekly: We can see where we are now:
What i can see:
- Huge bearish bar appeared at stopped at Support line
- Q: Will the Bear Force strong enough to effectively break the line?
Daily: Better view: Set-up activated
My previous analysis
So what i can see now on the current chart
- Price did not touch the line yet
--> Price can either enter recovery/consodilation phase or break and drop through the trendline
- watchout for a false break
- Any news appear can be important(!)
Big week comin'up. Be patient guys.
Happy and safe trading!
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