Happy Monday everyone!!
After screening my chart this afternoon, i saw that there is interesting sell signal on Euro / Yen especially at the bigger time frame. Is it possible of the bear take in charge now? hmmm.. Might Be!! but lets take a look what information market currently gives us.
Monthly Time Frame
- Downtrend line potential 3rd touch
- Support...
SETUP CONFLUENCE
Monthly Time Frame
- Support breakout, Pullback and possibility for bearish continuation
Sell Signal
Weekly Time Frame
- Support breakout 1.61597, pullback and possibility for bearish continuation
- Bearish engulfing candlestick formed, range = 1.63132 - 1.60322
Sell Signal
*SELL SETUP EXPLANATION*
Daily Time Frame
After looking at...
Confluence on this Trade
Monthly Time Frame:
- Trend: Bearish
- Support 1.31593 Breakout
- current price: 1.29572 - 1.30646
- Potentially pullback to support 1.31593
Weekly Time Frame:
- Engulfing candlestick formed: 1.31041 - 1.29565
- as engulfing candlestick formed, theres a chance for retracement at this timeframe
*SHORT TRADE EXPLANATION*
Daily...
