EUR/JPY Retesting the Broken Zone
🔸DAILY CHART EXPLANATION:
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🔸Price bounced and the Resistance Zone and broke the Support Zone.
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🔸Now, we can observe that the Support Zone (now Resistance Zone), is being retested on a pullback.
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🔸If we see a clear rejection here, then we consider that there are high probabilities for price to make a downside move towads the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
.
.
🔸Price bounced and the Resistance Zone and broke the Support Zone.
.
🔸Now, we can observe that the Support Zone (now Resistance Zone), is being retested on a pullback.
.
🔸If we see a clear rejection here, then we consider that there are high probabilities for price to make a downside move towads the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸4H CHART ANALYSIS:
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