If you check daily EURJPY daily chart, it's moving in trading range. Actually it's a broad channel but trade it like TR. (Buy Low, Sell High)
After breaking bull trendline, bears created lower high major trend reversal and then strong downside move.
Then EURJPY created tight bull channel which is the strongest type of channels. First breakout of these channels are usually minor and prior trend resumes.
We may have 2 legged up to the daily reversal zone and then another sold off.
Don't forget that context is trading range, so try to buy low and sell high. (Sell High at daily reversal zone)
What do you think about this chart? Feel Free and Comment Below!
After breaking bull trendline, bears created lower high major trend reversal and then strong downside move.
Then EURJPY created tight bull channel which is the strongest type of channels. First breakout of these channels are usually minor and prior trend resumes.
We may have 2 legged up to the daily reversal zone and then another sold off.
Don't forget that context is trading range, so try to buy low and sell high. (Sell High at daily reversal zone)
What do you think about this chart? Feel Free and Comment Below!