an idea on what's going on with EJ pair.
Info:
- 1 Day down trending
- 4 Hr down trending
- Broke 0.618 fibo line but still got 2 support at 135.731
What was on my mind:
- Winning trade will go on SELL
- Open trade if price below 0.764 fibo line
- Looks a like bullish descending triangles
- If price broke to the 0.764, price will go down to 1.176 fibo line , sizing anchor from the triangle
- Will look at the news.
- Putting stop loss at the last resistance
What will happen if Japanese going strong:
- Breakout at resistance line.
- Retest on line 0.382 and 0.236
- Else, trend will be bullish, and winning will be buy
Info:
- 1 Day down trending
- 4 Hr down trending
- Broke 0.618 fibo line but still got 2 support at 135.731
What was on my mind:
- Winning trade will go on SELL
- Open trade if price below 0.764 fibo line
- Looks a like bullish descending triangles
- If price broke to the 0.764, price will go down to 1.176 fibo line , sizing anchor from the triangle
- Will look at the news.
- Putting stop loss at the last resistance
What will happen if Japanese going strong:
- Breakout at resistance line.
- Retest on line 0.382 and 0.236
- Else, trend will be bullish, and winning will be buy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.