EUR JPY to 133 update
Hello traders and analysts
Below is a good recap of an analysis which was conducted back in December 2020 [ A private idea, but has played out to perfection - reaching the weekly and monthly imbalance].
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 [2] 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.
[2]
Below is a good recap of an analysis which was conducted back in December 2020 [ A private idea, but has played out to perfection - reaching the weekly and monthly imbalance].
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 [2] 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.
[2]
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.