Greetings Forexia Crew, another good day to trade. Lets break down the analysis on EURJPY. From the overall perspective, I believe the EURJPY has overall downtrend, however, during the last three days the price formed uptrend where many people go long. I believe the pair has more potentials to go down. Today is Tuesday (“Tuesday Reversal”), its highly likely that we might see Tuesday Reversal of the high of Monday during the “New York” session, although i see rejection of the previous zone, i will not enter into trade now. I am expecting the scenario below during the New York Session.
Please use proper money management and lot sizes!
Overall Projection was correct, however, after moving in my favor 30pips, it pulled back and stopped at break even.