Hey Traders,
Long time no post, happy new year and happy holidays!
I am back with a few analysis from my holidays, one is this trade, EURJPY.
In my team we traded the flag down, we managed to get a 116 pip trade done.
This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it.
The ongoing brake maybe a Throw-Over so we have to wait, if it consolidates on top of the line then we get a buy set up.
If flag ain't clear then wait for a CLEAR BRAKE of the upper resistance level.
Carlos
Long time no post, happy new year and happy holidays!
I am back with a few analysis from my holidays, one is this trade, EURJPY.
In my team we traded the flag down, we managed to get a 116 pip trade done.
This flag is finally reached 0.786 of the fibo so I am sure it will try to brake it.
The ongoing brake maybe a Throw-Over so we have to wait, if it consolidates on top of the line then we get a buy set up.
If flag ain't clear then wait for a CLEAR BRAKE of the upper resistance level.
Carlos
Comment:
Unclear Flag on the line so the safest is to wait until it brakes upper level!