Euro / Japanese YenShort
EURJPY 11.2.2020
EURJPY 11.2.2020
SELL
On the daily chart we broke out of a rising wedge pattern.
The chart pattern got retested.
Pricd made a corrective structure that got broken and also retested.
Now we broke a support zone and also this support zone got retested.
The corrective structure is right on a 38.2 fibonacci and for me that i a clear singe that this price can moce lower to the Fibo extensions 1.272 or 1.618.
MACD is shwoing since of a Divergence.
Thanks for reading. King regards.
SELL
On the daily chart we broke out of a rising wedge pattern.
The chart pattern got retested.
Pricd made a corrective structure that got broken and also retested.
Now we broke a support zone and also this support zone got retested.
The corrective structure is right on a 38.2 fibonacci and for me that i a clear singe that this price can moce lower to the Fibo extensions 1.272 or 1.618.
MACD is shwoing since of a Divergence.
Thanks for reading. King regards.
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