Hello everyone.
Daily bullish trendline has been violated and the last upward movement of EJ was some retest of the break.
The most recent formation of a trend seems to be bearish.
Daily Fib retracement 0.618 can be promising for shorts. (Not last SH but the previous one).
Various support can hold the price from sinking by giving strong reversawl moves to the upside.
However, I suggest SL to be higher than the former resistance not the last one due to it's too predictable for MMs.
Every signifiacnt break can be combined with news, price action (wicks - lower TFs price action etc) + fibo levels, especially 0.5 and 0.618.
These are going to be possible entries.
I need to see bad news for YEN and something really good for euro in order to shift my plans.
Caution at the demand zone of 134 area. I believe they are goin to hit it as a sell target and then they will buy it back up.
Daily bullish trendline has been violated and the last upward movement of EJ was some retest of the break.
The most recent formation of a trend seems to be bearish.
Daily Fib retracement 0.618 can be promising for shorts. (Not last SH but the previous one).
Various support can hold the price from sinking by giving strong reversawl moves to the upside.
However, I suggest SL to be higher than the former resistance not the last one due to it's too predictable for MMs.
Every signifiacnt break can be combined with news, price action (wicks - lower TFs price action etc) + fibo levels, especially 0.5 and 0.618.
These are going to be possible entries.
I need to see bad news for YEN and something really good for euro in order to shift my plans.
Caution at the demand zone of 134 area. I believe they are goin to hit it as a sell target and then they will buy it back up.