EURJPY Trend Broken?
Updated
EURJPY broke resistance line which has been in place for more than a year!!
150MA and 200 MA cross (in a bullish direction)
1H red candle rejected when touched MAs and BB
4H MACD bullish
Daily Stoch indicator in an upward direction
Many reasons to think that we're going to see a bounce in an upward direction when pair tests resistance again (resistance becomes support) where 0.3 Fib coincides with it.
RISKY though, we could see pair go back to its trend, WAIT FOR CONFIRMATION
150MA and 200 MA cross (in a bullish direction)
1H red candle rejected when touched MAs and BB
4H MACD bullish
Daily Stoch indicator in an upward direction
Many reasons to think that we're going to see a bounce in an upward direction when pair tests resistance again (resistance becomes support) where 0.3 Fib coincides with it.
RISKY though, we could see pair go back to its trend, WAIT FOR CONFIRMATION
Note
Trade finally reached its full potential, getting ready for a bearish leg
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