Last week I have made +376 pips with my method.
My EUR/JPY analysis:
2.1 EUR/JPY WEEK
This is a downtrend. There are no targets along the trend. The price is in the oversold area. For the further analysis we need to wait either for the price moving into senior MM-octave or the trendâs reversal.
2.2 EUR/JPY DAY
A downtrend. There are no targets along the trend. The price is in the oversold area. For the further analysis we have to wait either for the price moving into senior MM-octave or the trendâs reversal.
2.3 EUR/JPY 240
We can see a downtrend. On the way to target T1 there is a strong reversal level 0/8, which is significant on senior time frames, and at least a deep retracement from it is likely. We should note that a similar situation near level 4/8 happened last week. Perhaps, this is a periodicity effect of price behaviour near MM-lines.
My EUR/JPY analysis:
2.1 EUR/JPY WEEK
This is a downtrend. There are no targets along the trend. The price is in the oversold area. For the further analysis we need to wait either for the price moving into senior MM-octave or the trendâs reversal.
2.2 EUR/JPY DAY
A downtrend. There are no targets along the trend. The price is in the oversold area. For the further analysis we have to wait either for the price moving into senior MM-octave or the trendâs reversal.
2.3 EUR/JPY 240
We can see a downtrend. On the way to target T1 there is a strong reversal level 0/8, which is significant on senior time frames, and at least a deep retracement from it is likely. We should note that a similar situation near level 4/8 happened last week. Perhaps, this is a periodicity effect of price behaviour near MM-lines.