Market Trend - Ranging market (Weekly TF)
Price is currently at major resistance and last daily close was a weak bullish candle
Double top formed on H4 and H1
Signal on H1 for a reversal (bearish pinbar, Bearish engulfing) or a break and retest of previous low on H4 would be a signal for entry.
JPYs move in the same direction so EURJPY can give an indication too
Mrwarm cares...
Price is currently at major resistance and last daily close was a weak bullish candle
Double top formed on H4 and H1
Signal on H1 for a reversal (bearish pinbar, Bearish engulfing) or a break and retest of previous low on H4 would be a signal for entry.
JPYs move in the same direction so EURJPY can give an indication too
Mrwarm cares...
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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.