Trend Following Eur/Jpy
Only keeping track of movements, I don't like to predict, but I do like to take consideration of Fibonacci for possible areas of interest.
I prefer to be bullish due to market sentiment as of late, and not enough information to convince me to take any short positions at the moment.
The latest movements remind me of a wave 3, then expecting a sharp pull back, then retesting this area of interest
Area of resistance is still to be observed, then I'll rectangle the area of interest and figure out how to trade these areas in a later date, most likely in a day or going into next week
I prefer to be bullish due to market sentiment as of late, and not enough information to convince me to take any short positions at the moment.
The latest movements remind me of a wave 3, then expecting a sharp pull back, then retesting this area of interest
Area of resistance is still to be observed, then I'll rectangle the area of interest and figure out how to trade these areas in a later date, most likely in a day or going into next week
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