EUR/JPY 06.03.2017
Time frame H4
Middle-term downtrend, lower tops and bottoms. The price reached diagonal and horizontal resistances and FiBo 61.6.
Price action signal: Pin bar at levels of diagonal resistance and FiBo 61.8
Technical indicator:
CCI(50) - In zone of overbought and turning - if breaks levels 100, the negative scenario will be confirmed.
SL: 121.40
Alternative scenario: If the price breaks over the diagonal resistance and make higher tops, the negative scenario will be dismissed.
Trader_B_Arabdzhiev
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