EURJPY - SHORT
Have some weird movements on the MACD and Alligator. We can see price has rejected the higher fib level multiple times. We are now looking for a retest of resistance before a definitive drop down to lower fib levels. Also MACD is very smooth not showing any sign of breaking open. Waiting for MACD to open a bearish trend before we enter a sell position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.