Megaben23

Megaben23

the market of all the jpy pairs are all looking bearish because of the high they got to last month so we should be looking for a retest zone to continue the down movement ..and i did that by using are fb level and break and retest...

Megaben23

If you see closely that this is the third touch of the trend line and adding break of m pattern and the retest

Megaben23

as you can see the market is in a downward movement so we look for sell ...now i am waiting for the market to get to my fb zone 71.8 or the next weekly high

Megaben23

Usdjpy is in bearish wave so we have to look for sell So I am expecting that the market we go down to last week low as a support for the three turn for the trend line the we will head up to our retirement zone 50% and 61.8% zone

Megaben23

If you look into the one week tf you will see that it is in a bullish flag pattern

Megaben23

I took the sell from the top because we go a double top now we are head to the three turn of the trend line so we are expecting for the trend to continue to the monthly high

Megaben23

So today he broke the liquidity then it's head upwards and I am, the weekly high must be repeated so let's wait there

Megaben23

So I am expecting it to come down to give us a chance of structure then go up I

Megaben23

We should be expecting a sell from this level because one we are in a down movement and you can see that the momentum of the market is on the seller's so we just have to wait for our conformation

Megaben23

I am hoping for gbpusd and eurusd to go up so that eurgbp can repeat is trend line and head down

Megaben23

I have been holding this buy and I am expecting other buy form that supply level...