Euro / Japanese YenShort
Sell EJ
On the monthly, I see that price was in a downtrend and price broke through the monthly trendline on the highs. On the weekly, price was in a downtrend, but broke through and retested for the buy.
On the daily, I see price is in an uptrend, respecting the lows, and just hit TP 2 -61.8.
On the 4HR, I see that price is n an uptrend, it retraced to 38.2 and hit TP1 -27 on the 4Hr fib, then consolidated on the weekly key level.
On the 1HR, I see price was in an uptrend. It hit resistance at -27. Then price broke and retested the 1HR trendline for the sell.
I am looking to see if price will bounce off the minor trendline and make it to TP1, -27 is also sitting on a weekly key level.
(40-50 pips)
On the daily, I see price is in an uptrend, respecting the lows, and just hit TP 2 -61.8.
On the 4HR, I see that price is n an uptrend, it retraced to 38.2 and hit TP1 -27 on the 4Hr fib, then consolidated on the weekly key level.
On the 1HR, I see price was in an uptrend. It hit resistance at -27. Then price broke and retested the 1HR trendline for the sell.
I am looking to see if price will bounce off the minor trendline and make it to TP1, -27 is also sitting on a weekly key level.
(40-50 pips)
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