Position Formation - 1hr interval - EURJPY

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

Komentarz:

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

Komentarz:

Significant Consolidation Appearing at Price Levels - (125.000 - 125.650). Be Diligent and Await Confirmation Prior to Entry.