EURJPY: FOLLOW THE STRUCTURE
On 
EURJPY, the price dropped on 1H bars and it is time for correction. So question is when the correction finishes and starts a new impulsive leg. Following these analyse the Red box is considered the good reversal zone.
1. There was a support at 126.65, which became a resistance after the breakout. The price respects that level.
2. Fibonnaci retracement 38.2% exact level.
3. Trendline (blue line) acts as dynamic resitance.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Brokers List - best10forex.com
EURJPY, the price dropped on 1H bars and it is time for correction. So question is when the correction finishes and starts a new impulsive leg. Following these analyse the Red box is considered the good reversal zone.1. There was a support at 126.65, which became a resistance after the breakout. The price respects that level.
2. Fibonnaci retracement 38.2% exact level.
3. Trendline (blue line) acts as dynamic resitance.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Brokers List - best10forex.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.