Dislikedmy prefered szenario on EJ: EXHAUSTION -price is near hugh resistances - see the murrey math area (7/8) and (8/8) -price broke the triangle opinions? {image} explanation for murrey math: 1. Line 8/8 и 0/8 (Ultimate Support and Ultimate Resistance). Those lines are the most strong concerning Support and resistance. 2. Line 7/8 (Weak, Place to Stop and Reverse). This line is weak. If suddenly the price was going too fast and too far and stops around this line it means the price will reverse down very soon. If the price did not stop near this...Ignored
EURJPY M15
I have never used Murray levels. But you will tell us if they are reliable.
I see a triangle and an upward trend. My position here is to wait until the triangle is resolved, or scalping M1, if range enough.
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