EURJPY - @ Challenging Situation
As of this Point, we are approx 5 Hours to NY Close (Our Mt4 close too..)
Currently at Pin Bar is forming. So a possible down days ahead !
It coincides with the Day FIBS 50% !!-Pin Bar Tail
See Daily Chart :
1- IF the Pin bar is well formed by end day, we can very possibly see a down move..
a) To the Upper Down Channel Boundary b4 doing a Reversal UP (Uptrend again)
OR
b) Reach out to the WEEKLY S/R Zone @ 131.567 (where the Channel-Congestion Starts in 09/2017 till 12/2017)
see H4
c) short Channel Congestion ahead thereafter .. Am Supporting a LONG TREND thereafter !!
ACTION:
1. Will take a interim SHORT Position and await a Pull Back for LONG Continuation !!
Well Hope It works Out..the Trading PLAN !!
Stay NIMBLE - Trade SAFE !!
Currently at Pin Bar is forming. So a possible down days ahead !
It coincides with the Day FIBS 50% !!-Pin Bar Tail
See Daily Chart :
1- IF the Pin bar is well formed by end day, we can very possibly see a down move..
a) To the Upper Down Channel Boundary b4 doing a Reversal UP (Uptrend again)
OR
b) Reach out to the WEEKLY S/R Zone @ 131.567 (where the Channel-Congestion Starts in 09/2017 till 12/2017)
see H4
c) short Channel Congestion ahead thereafter .. Am Supporting a LONG TREND thereafter !!
ACTION:
1. Will take a interim SHORT Position and await a Pull Back for LONG Continuation !!
Well Hope It works Out..the Trading PLAN !!
Stay NIMBLE - Trade SAFE !!
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