EURJPY Aug 27-31

26 Ağu 2018

This will be the first of many markups...

I'm looking at EURJPY on the 4hr...

I see a clear downtrend with 3 touches of the trend line...

Price retraced up to the 71% level perfectly and closed the week on a bearish candle... (Not engulfing but I'm convinced she's running out of steam)

I see price dropping to the 61% region before double topping and retesting the 71%...

I then see price moving swiftly to the downside...

THAT IS PLAN A.

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PLAN B is the complete opposite...

Break of the trendline and a push up to the 78% region before dropping again to retest the 71%...

Then price will make another push higher...

Hope that made sense...

Any questions about anything hit me up!