EURJPY We have switched back protrend bearish on the LTF after the deep retracement earlier.
Price is now going for another retracement leg up before breaking structure protrend to the downside again, provided it doesn't breach the NFP candle high.
EURJPY At the release of NFP, price went up through the EQHs as discussed, to tap into 61.8% fib before wicking it off. Look for the possible protrend intraday bearish leg next, with confirmation of course.
Isn't it great not to be too affected by US data releases? 😆
EURJPY We are stuck within this LTF range at the moment. Wait for the NFP dust to settle on EU first (which will inevitably affect EJ in a smaller magnitude), before assessing your positions next.
EURJPY As discussed earlier with one of the members here, price will eventually head down to 61.8% fib of the internal retracement leg up.
