1mn with ForexSurvivor
EURJPY Counter Trend,
As Nikkei ends up @2.4%, correlating EURJPY is quite useful once a test at 136.30 is taken the step.
The 4Hr chart shapes an indicator of overbought zone suggesting sellers in control for now, a reason why 136.30/15 would be tested. Once there, target would be identified at the downsloping trendline @137.20, which is encompassed by parameters May-Aug-14 (broken at the end f the previous month).
If buyers prove later on that they could close the market above 137.00, then 137.50 becomes the aim. Risk scenario is set once a close below Friday’s low is taken into happenstance.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
EURJPY Counter Trend,
As Nikkei ends up @2.4%, correlating EURJPY is quite useful once a test at 136.30 is taken the step.
The 4Hr chart shapes an indicator of overbought zone suggesting sellers in control for now, a reason why 136.30/15 would be tested. Once there, target would be identified at the downsloping trendline @137.20, which is encompassed by parameters May-Aug-14 (broken at the end f the previous month).
If buyers prove later on that they could close the market above 137.00, then 137.50 becomes the aim. Risk scenario is set once a close below Friday’s low is taken into happenstance.
***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.
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