EURJPYANALYSIS
WE NOTICED THAT THE MARKET COMES FROM THIS SAME LEVEL OF CONFLUENCE IN THE PAST, WHICH HAS BEEN MULTIPLE TIMES TESTED AND IT CREATES ALWAYS A BOUNCE/CORRECTION ON THE MARKET.
- WE CAN EXPECT AN UPTREND BREAKING OUR 50EMA AN USING IT AS SUPPORT FOLLOWED BY A DOWN AGRESSIVE MOVE BREAKING THIS LEVEL OF STRUCTURE.
-FOR NOW, WE JUST KEEP AN EYE ON THIS PAIR WAITING FOR OUR STRATEGY CONDITIONS TO BE MET.
- WE CAN EXPECT AN UPTREND BREAKING OUR 50EMA AN USING IT AS SUPPORT FOLLOWED BY A DOWN AGRESSIVE MOVE BREAKING THIS LEVEL OF STRUCTURE.
-FOR NOW, WE JUST KEEP AN EYE ON THIS PAIR WAITING FOR OUR STRATEGY CONDITIONS TO BE MET.
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