Euro / Japanese YenShort
15 min EUR JPY
15 min EUR JPY
Overall bias is bearish
There is an imbalance/gap from Sept 5th to Sept 22nd that needs to be retested.
Price has been moving sideways between 1 HR zones in the last couple of hours.
Price is creating a LH inside a rising wedge. Price may go bearish to retest the support area that had a history of bullish OB. Once it retests support it may go up and retest the 1 HR resistance zone or even further up to the previous bearish OB area.
However the 1 HR resistance has not been broken for hours. Price may return bearish after getting rejected from 1 HR resistance. I'll be placing a sell due to overall bias is still bearish.
Overall bias is bearish
There is an imbalance/gap from Sept 5th to Sept 22nd that needs to be retested.
Price has been moving sideways between 1 HR zones in the last couple of hours.
Price is creating a LH inside a rising wedge. Price may go bearish to retest the support area that had a history of bullish OB. Once it retests support it may go up and retest the 1 HR resistance zone or even further up to the previous bearish OB area.
However the 1 HR resistance has not been broken for hours. Price may return bearish after getting rejected from 1 HR resistance. I'll be placing a sell due to overall bias is still bearish.
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