Dear traders,

It has been a while since I last posted a trading analysis.

I have been quite active in my trading room and this is probably one of the reasons why.

Last time I wrote about EURUSD.

Funnily, EURUSD followed the exact course I was expecting it to follow.

There was an inside bar on the daily chart and the price reserved direction.

That’s an image of what I wrote in the middle of August:

A few weeks later, price has went up to the 1.1900 resistance level and then down again:

Currently, price is looking more bearish than bullish, but I would not do anything.

EURJPY Trading Analysis 20.09.2021

Today, I am looking at EURJPY.

It looks like the price is in a downtrend.

There was a daily inverted pin bar on the Friday chart.

It looks like price might be extending the short-selling round.

I would be looking to see what will price do around the next 127.500-128.00 demand zone.

Then, we would have two scenarios and depending on price action we might either see a breakout or a reversal.

Until then, I will be patiently waiting.

Happy Sunday,

Colibri Trader

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