How can we find a Potential Reversal Zone? Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports? What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even...
for now, prz is around the time tp so i think it would be a good tp and there is a strong resistance line at tp
There is some tension seen on EURJPY 4h time frame. I estimate probability for the south. Of course, there is another probability for the north. I'm already short on a live account. This is not a recommendation.
In this screencast I'm looking both at the daily and 4H time frames on the JP225USD. The daily is into a potential reversal zone based on my methodology. The 4H is probably into a PRZ based on an ABCD pattern. Stay lively - stalk carefully. :))