it may break up from the concsoliation but if i were to bet then i would bet on the down move maybe? naagh i would bet at all cuz there are little chances of it beeing correct n shit
why6 dis is a good setup 1) d1 timeframe trend for audjpy is down atm 2) entry is bear a big resistance which basically means we can sell the audjpy on high (when its overpriced) 3) if all else fails we only lost 30 pips
thewre are 2 possibiliies how to trade this entry. 1) hold for tp1/tp2 or 2) hold for longer longer run
IF support dosent hold then there is a chanhe that it will still go up from the reversal zone. If it breaks up from the price & data range then its pretty likely it will go for tp1.
we might see the last retracemnt from EJ. TP and SL are marked on the chart
objective is the same as with gbpjpy sell the fucker all the way down. 1) i think eurjpy has ended its bullish run and is now chaning the trend and going to retrace
objective is to farm this downtrend to the absolute fullest.
There is a possibility for a reversal. not excpeting 170 pips but 75 we might get if it reverses