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EURJPY Same Bearish Reversal, Watch Cor More Downside
Euro / Japanese Yen
Short
EURJPY Same Bearish Reversal, Watch Cor More Downside
By jojofang0901
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Updated
May 27, 2022
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May 16, 2022
Hi traders:
EURJPY has also developed nice bearish price action from higher and lower time frames.
Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.
Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.
Latest development has formed correction on the lower time frame, good signs of further bearish price action.
Look for continuation, bearish impulse to break out for confirmation to the next lows.
Thank you
May 17, 2022
Note
Comment: didnt see this correction complete
nor bearish impulse to push out
so no entry, no trade
May 18, 2022
Note
May 27, 2022
Note
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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