( LONG in progress) week50 EURJPY D1 hammer play from flag within flag


A D1 chart zoomed out that captureed multi months of price, showed that price has bounced aggressively from the bottom of the ED channel after the ECB event at week49.

The week closed strong to flush 2 months low of support, changing into bullish bias.

week50 EURJPY D1 bullflag within bullflag 151215


still D1 chart but with a zoomed version, price has formed a multi day bullflag with a d1 hammer to suggest the return of the bulls and the end of the retracement.

week50 eurjpy d1 hammer 151215


Visualized from the h4 will be like this:

week50 EURJPY h4 151215


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s