EURJPY is pulling back to 0.618 level

Price is pulling back to 0.618 level in a clear channel.

We think that 0.618 level is a good spot to start the reversal.

Waiting the channel to be broken.

Thanks for comments and likes. Good luck.

Comentarios:

Price has reached the level of interest. Wait patienly for a reversal price pattern to form. Analysis is valuable only if your entry is good.

Comentarios:

Buyers are still in control. still waiting for topping formation

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Chart is looking more and more top heavy. Trend is still intact, shorts are still valid we just have to wait a liitle more.