Expecting a sell to the 100% followed by a pullback tot the 23.%. After the pullback a break trough the 100% tot the 112.400.
Looking for EURJPY to come back to the trend line and take of from there to go towards next resistance.
Expecting the downtrend to stay intact. Waiting for a retest or price to break support and retest the support = resistance. Im using fib levels for entry confirmation.
Looking at the daily chart there is a supply level at 0.75386. This level is also the 4h supply level. Looking at the larger timeframe (1 week), en entry level at 0.75386 is a pitchfork line (power point). This move down can go all the way to 0.73554. Analysis based on supply and demand, pitchfork and fib levels.
Daily at the 61.8 fib level and down trend, trend line. 100, 200 and 500 EMA hitting the current candle.
Currently in a downtrend. LH and LL have been confirmed. Last support has had a double hit. Downtrend intact and good point to get in for a short.
After fundamental and analytical research, there is a possibility for a short. This is an example of a setup. I am not a financial advisor and I am not responsible for trades that you place yourself.
After the retail news this morning the market went down. Due to overselling a possible buy.