EURJPY
it has been doing a range for days now
a range can either choose to be a distribution or an accumulation
it did not reverse at golden levels of fib on the last up movement level
so we are on the probability of a distribution. wait to confirm if it will break out fully going down
once it does that, that means it has finally decided to be on a downtrend and that can be verified if it creates a lower low than the low of the last swing.
2. it might still want to continue a range movement
WAIT FOR CONFIRMATION.
PLEASE FOLLOW :)
DID THIS FOR PEOPLE WHO TRADE IN LOWER TIME FRAME OTHER THAN A DAILY TIME FRAME .
a range can either choose to be a distribution or an accumulation
it did not reverse at golden levels of fib on the last up movement level
so we are on the probability of a distribution. wait to confirm if it will break out fully going down
once it does that, that means it has finally decided to be on a downtrend and that can be verified if it creates a lower low than the low of the last swing.
2. it might still want to continue a range movement
WAIT FOR CONFIRMATION.
PLEASE FOLLOW :)
DID THIS FOR PEOPLE WHO TRADE IN LOWER TIME FRAME OTHER THAN A DAILY TIME FRAME .
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