EURJPY Squeeze

Greetings Dynamic Traders,

Hope you all had a good start to the trading week. Congratulations to Clayton on embarking on a new chapter by way of an exciting full time trading career and hats off to your persistence.


I had a massive injection of information and energy which is helping me refine my trading even further thanks to "the wise one" and I am excited and looking forward to implementing it, the benefits of which will also be shared with you through this blog.


Today's chart is the EURJPY. The daily is providing us with a squeeze formation with MACD divergence, resistance, RN and trendline support as confluences. What needs to be done next is wait patiently for the market to provide the right information by way of reversal or continuation signs before a trade can be contemplated. If price does break through the resistance, the next area we will be looking at is resistance provided by the value index.














Good Trading!
Bijal Shah