eurjpy short position

12 Tem 2020

Price broke an ascending trendline and created a lower low in 4h timeframe. After the correction/exhaustion when it creates a lower high i will look for shorts. Last Higher low and current push's fibonacci zone is matching so i will wait for market to react to this area (golden zone). After the 4h rejection wicks i will go down to smaller timeframes to look for a short position. Target is -0.27 fibonacci level matching with the structure on left.

13 Tem 2020

Not

might be double top. might break. Dont know Dont care. Will let this one play out. Looks like its gonna create a higher low and keep going up a bit more

15 Tem 2020

Not

strong bullish momentum inside the area i marked for short entry. No rules= no entry. Trending upwards. Posted a new idea.