Expecting yen strength with recent political issues

Zones

Support: Green
Resistance:Pink
Fib: Yellow

Bulls have reached their monthly target of M4. Bears will be looking to take price down to the Central Pivot

We opened at WM3 this week. Bears are looking to enter again as price has pulled back after it dropped from Weekly M4 last week.

Price made a double top after coming off the 55 EMA. A retest at he role reversal will trigger my pending order

One thought on “EURJPY Swing Trade Plan (22 May 2017)”

  1. Wayne McDonell - TradersWay.com says:

    Seems techically fine on the lower time frames, however the medium term up trend on the daily makes it a bit of a counter trend trade at the moment. You may simply be a bit early and that produces risk.

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