EURJPY - Headed Down?
What we see here is the Ichimoku lagging line (purple) closing below the base line (red) for the first time in 4+ trading sessions. It's also the fist time that we've had a candle close fully in the cloud. (A few touched the cloud a few days back.)
This *could* be the first signs of a turn around in the EURJPY market, and could signal a Sell opportunity.
Wait to see the candles and the lagging line to get below the cloud before considering getting into this trade.
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This *could* be the first signs of a turn around in the EURJPY market, and could signal a Sell opportunity.
Wait to see the candles and the lagging line to get below the cloud before considering getting into this trade.
FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results. I am not a financial adviser nor am I offering any advise to you as to how you might trade or invest your money. Charts and analysis are a mixture of my own thoughts, along with input from various sources. TRADE AT YOUR OWN RISK. I AM NOT RESPONSIBLE FOR YOUR TRADING EXPERIENCE.
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