Position Formation - 1hr interval - EURJPY
Updated
Hello Everyone,
Bullish Formation - (125.00-125.50) 50 pip interval
Bearish Formation - (123.625-123.675) 50 pip interval
Consolidation Current Price - (124.300-124.400) 100 pip interval
RSI - indicating a strong consolidation currently being manifested within the last (5-6 Days)
Overall, be diligent of the current momentum shift and fundamental releases soon taking place this (later) week.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)***
-LionGate
Bullish Formation - (125.00-125.50) 50 pip interval
Bearish Formation - (123.625-123.675) 50 pip interval
Consolidation Current Price - (124.300-124.400) 100 pip interval
RSI - indicating a strong consolidation currently being manifested within the last (5-6 Days)
Overall, be diligent of the current momentum shift and fundamental releases soon taking place this (later) week.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)***
-LionGate
Note
Bullish Formation - Approaching Previous Resistance Level (Becoming Support Zone)R/S PA - (125.00 - 123.50)
Current PA - (124.60 - 124.70)
Approximately 30 pip between Current PA and R/S PA
Note
Significant Consolidation Appearing at Price Levels - (125.000 - 125.650). Be Diligent and Await Confirmation Prior to Entry.
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