Daily EUR/JPY candlestick chart. On 14 October the EUR/JPY pierced the static support at (about) 135,7 with a (nearly) long bearish candle with the daily close at 135,482. On 14 October the daily candle was an inside bar (aka Engulfing pattern), on 15 October the daily candle was an amazing Hammer with a very long wick (aka Pin Bar). An incredible Inside Bar False Break. The last daily candle was a Spinning Top, with the daily close above the static support. A very complex test of the static support …
The Happy Trader 