EURJPY right now is in a interesting area. It has reach the top area in daily TF that got touched at 1st September high (daily inflection point). Whats more interesting is the price got rejected impulsively as soon as it touched the area.
In lower TF,now the price is looking like forming a possibly bearish flag structure. If this this corrective structure really shape into a bearish continuation structure in upcoming few hours / days, I will wait for a break of this continuation structure to confirm the move to the downside with SL above the structure.
Afterall, this trade is still in forecast, and if the continuation structure failed to form than I will skip this pair for a little while as it havent tagged my ultimate high area for selling at 128.000
For now, lets see how will this pair develop. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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In lower TF,now the price is looking like forming a possibly bearish flag structure. If this this corrective structure really shape into a bearish continuation structure in upcoming few hours / days, I will wait for a break of this continuation structure to confirm the move to the downside with SL above the structure.
Afterall, this trade is still in forecast, and if the continuation structure failed to form than I will skip this pair for a little while as it havent tagged my ultimate high area for selling at 128.000
For now, lets see how will this pair develop. Good Luck
__________________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
__________________________________________________________________________________________________________________________________________________________________