EURJPY CONTINUES IN A DONWARD TREND CHANNEL JUST BEFORE THE MOVE UP IT IT A DOUBLE BOTTOM WICH I THINK IS ACTUALLY A TRIPLE BOTTOM SO IM LOOKING FOR A 618 RETRACEMENT WICH IS ALREADY ALMOST THERE
IM PUTTING THE ENTRY A LITTLE BIT LOWER SINCE THAT RED LINE HAS BEEN A RESSISTANCE LINE BEFORE, I DONT KNOW IF ITS GONNA BREAK THE DOWNWARD CHANNEL I THINK ITS PROBABLEY A RETRACEMENT BEFORE CONTINUES TO GO DOWN TO ITS DAILY RESSISTANCE WICH IS THE BLUE LINE SHOWN.
SO LETS SEE HOW IT GOES
IM PUTTING THE ENTRY A LITTLE BIT LOWER SINCE THAT RED LINE HAS BEEN A RESSISTANCE LINE BEFORE, I DONT KNOW IF ITS GONNA BREAK THE DOWNWARD CHANNEL I THINK ITS PROBABLEY A RETRACEMENT BEFORE CONTINUES TO GO DOWN TO ITS DAILY RESSISTANCE WICH IS THE BLUE LINE SHOWN.
SO LETS SEE HOW IT GOES