EURJPY Forecast and Trade Setup for 31st, March, 2014
EURJPY Forecast and Trade Setup for 31st, March, 2014
Daily Chart
- Positive Divergence in Stochastics while MACD stays above positive territory
Hourly Chart
- Trading below the Ichimoku Clouds, however nearing to test its resistance
- Trendline , and Important Fib levels also around the clouds
- Stochastics on H4 is overbought
- My bias is to short this and continue the bearish leg (AB =CD)
Outlook Trade opportunity
Look for candle formation around the potential resistance reversal zone as per H4 chartRisk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
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