Hi Traders,
I am looking at a very simple setup on EURJPY today, We have basic price action creating lower lows and lower highs, Price has also rejected the current resistance level and I would like to see the continuation to the downside,
I would 1st like to see the current h4 Candle close Bearish, Once this happens I would monitor the next h4 candle to see if price will continue the bearish push.
Keep in mind that tomorrow we have the FOMC and this may affect how price moves tomorrow so be prepared for anything. My target would be around 139.0 On this pair and would expect even further push down. For now, let's see how price plays out.
Renaldo Philander
I am looking at a very simple setup on EURJPY today, We have basic price action creating lower lows and lower highs, Price has also rejected the current resistance level and I would like to see the continuation to the downside,
I would 1st like to see the current h4 Candle close Bearish, Once this happens I would monitor the next h4 candle to see if price will continue the bearish push.
Keep in mind that tomorrow we have the FOMC and this may affect how price moves tomorrow so be prepared for anything. My target would be around 139.0 On this pair and would expect even further push down. For now, let's see how price plays out.
Renaldo Philander