Trade plan 12 October 2016

EURJPY Daily

-Daily chart Price Action Price just broke through the 114.7200 psyc level and the Descending triangle forming role reversals on both the psyc level and the descending triangle Stochastic is currently overbought Market The 55 and 21 Moving average indicate a bearish Market

EURJPY H4

-H4 chart Price Action Price is bounced off the Weekly support pivot(WS1) and is currently at the weekly Pivot point(WM2) showing duplicates of Harmonic bat patten Stochastic is heading to the oversold zone Market The 55 and 21 moving averages cross which indicates a bearish Market

EURJPY H1

-H1 chart Price Action Price is currently at the daily pivot point (DM2) entering a highly reversal pivot zone,price also bounced off the 50% fib zone Market The 55 and 21 Moving average cross has occur with a great angle of separation indicating a bearish market Planed Entry Looking for Price to breakthrough the 114.4700 psyc level followed H1 than followed by a role reversal on the M15 or M5

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