EURJPY 1D

24 set 2020

LETS START OUT OUR ANALYSIS HERE ON THE DAILY TIMEFRAME....HERE WE CAN SEE THAT PRICE RECENTLY BROKE OUT OF A WEEKLY DOWNTRENDLINE....AND RETESTED IT SUCCESSFULLY...NOW LOOK CLOSELY AND NOTICE HOW PRICE HAS MADE AN IMPULSIVE MOVE THEN A NICE RETRACEMENT ITS KINFD OF FORMING AN ELLIOT WAVE....AND THEN WE CAN SEE HOW PRICE IS FORMING A LOT OF WICK REJECTIONS WHILE TESTING THE S.MA...THERE COULD BE A POTENTIAL BUY OPPORTUNITY HERE...BUT IM NOT JUST GOING TO ENTER A BUY IMMEDIATELY....LETS TAKE IT DOWN TO THE H4