Euro / Japanese YenShort
EURJPY - Eyes on SHORT
We have seen multiple touches to confirm price is trading inside a channel. As bullish movement approaches the top of the range, looking for a high test candle or other price action to play out signaling a short position. Reversal at top of range, close below 61.8 fib retrace and close below small, bullish channel would provide confluence to take a short position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.