Hello traders and analysts
Below is a good recap of an analysis which was conducted back in December 2020 .
Below is the weekly Imbalances - where the Euro has provided a clean fractal point on the monthly imbalance back between 120.00 - 122.XX JPY.
The Fibonacci sequence using a four day and daily chart showed the newly created imbalance was a pivot point at the 61.8 - 70.5% Fibonacci retrace zone. see for further charts. Imbalances have a high probability for a retest which aligns with the monthly ray, where price will look to revert to for filling the wicks upon the four day fractals.
Below is a good recap of an analysis which was conducted back in December 2020 .
Below is the weekly Imbalances - where the Euro has provided a clean fractal point on the monthly imbalance back between 120.00 - 122.XX JPY.
The Fibonacci sequence using a four day and daily chart showed the newly created imbalance was a pivot point at the 61.8 - 70.5% Fibonacci retrace zone. see for further charts. Imbalances have a high probability for a retest which aligns with the monthly ray, where price will look to revert to for filling the wicks upon the four day fractals.
Ideas relacionadas
EUR JPY
LupaCapital
Essential
about EURJPY