FORECAST — EUR/JPY (10/17/22)
Afternoon Everyone,
My main focus pairs for today is EUR/JPY and CAD/JPY as they can have a turn around in price action soon. We have broken above the double top with a strong 4h bullish candle. We have another hour until it closes but this may continue to the third touch of the ascending channel . If price does pop back below the ray line, I will look for a flag continuation. If this does close on a strong 4h bullish candle, this may continue to the third touch of the ascending channel in which I will look for the first flag continuation as well.
My main focus pairs for today is EUR/JPY and CAD/JPY as they can have a turn around in price action soon. We have broken above the double top with a strong 4h bullish candle. We have another hour until it closes but this may continue to the third touch of the ascending channel . If price does pop back below the ray line, I will look for a flag continuation. If this does close on a strong 4h bullish candle, this may continue to the third touch of the ascending channel in which I will look for the first flag continuation as well.
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