-previously EURJPY (EJ) formed a favorite pattern which is HNS (head and shoulder), before diving 157 pips at neckline.
-bearish movement justified when LL of previous trough was tested and broken with strong marubozu sell CS.
-prediction, price probably will retest to BRN 121.000 before further continue bearish movement.
- i will monitor PA at BRN 121 or surrounding the zone.
-if price broke demand zone and BRN 120.00 price will go further down.
-lets watch and see.
-bearish movement justified when LL of previous trough was tested and broken with strong marubozu sell CS.
-prediction, price probably will retest to BRN 121.000 before further continue bearish movement.
- i will monitor PA at BRN 121 or surrounding the zone.
-if price broke demand zone and BRN 120.00 price will go further down.
-lets watch and see.
Everybody has a plan until they get punched in the face
-Price probably will retest/reject BRN 121.000 before resume bearish sentiment. whatever market decide we follow.
-be watchful on tomorrow's news.