Great LONG opportunity on EURJPY After long downtrend that started back on Dec 15th, price hit a KEY resistance level dating back to OCTOBER 2014. market respected this level and bounced, then tested again forming a double-bottom. Price respected level once again and we now have a break-above short term support and close above short term support. Now we are @ a...
This PAIR has been in a down trend since the beginning of the month. Descending Broadening Right Angle pattern has emerged. Based on this pattern and the overall trend of this pair it's a great time to go SHORT. Case for entry: 1. Selling into the prevailing trend. 2. 6th touch on right angle resistance. 3. Evening Star reversal candle at top of recent...