Trade plan 08 September 2016
Daily chart
Price Action
Price is currently on monthly cluster pivot point (MMP) and bounced of the 61.8
Stochastic is currently overbought
Market
The 55 and 21 Moving average indicate a possibility of the end in the bearish market

-H4 chart
Price Action
Harmonic cycle complete waiting for a confirmation in the uptrend
Stochastic is currently oversould
Market
The 55 and 21 Moving average indicate a possibility of a start in a bullish trend with a 55 AND 21 cross
-H1 chart
Price Action
Price is currently at daily pivot cluster (DPP) and waiting for a break in the descending triangle
Market
The 55 and 21 Moving average indicate that the market is currently still bearish
Planed Entry
Looking for a role bullish reversal on the either H1/M15/M5

EURJPY Daily

EURJPY H4

EURJPY H1

2 thoughts on “EURJPY080916”

  1. Very nice post. Excellent details on your trade plan. However, please use a title that is more descriptive and be sure to post it in the “forex trading ideas” category.

    Thank you for sharing your analysis.

  2. Thanks for the acknowledgement Mr McDonell and I will make sure that I include them next time

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