Single Post

eurjpy - H4

eurjpy h4.

in the above chart, we can see price forming an inverted head and shoulder which simply means price is getting ready to push higher.

if we further look down to the recent resistance formed, we can see price has tested it more than twice which means the bulls and bears on this pair are much more active.

when the market broke the low to create a lower high after testing it the first time price went down to create a lower low but came back to test it more than twice therefore signifying a strong level.

we can also see price failing to create a lower low after the last low therefore creating a lower high which is also a sign of the bulls getting in control



Reviews

No comments have been sent.
Reviews Summary
0
From 0 Reviews
5
0
4
0
3
0
2
0
1
0