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on DAILY: EURJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H4: EURJPY is forming a head and shoulders pattern. (not complete yet) so we are waiting for the right shoulder to form and then enter sell on the neckline break downward.
Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
on DAILY: EURJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H4: EURJPY is forming a head and shoulders pattern. (not complete yet) so we are waiting for the right shoulder to form and then enter sell on the neckline break downward.
Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal