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Euro / Japanese Yen
Short
Updated

EURJPY Another Sell Setups

2928

Hi traders:

Looking at EURJPY here for a potential continuation bearish price action.

We can see after the impulse phase from the top, price correct into an expanding structure.

Within a few swing highs and lows, double tops, combining with a rising wedge reversal, giving me a bearish price action confirmation.

Now that price has broken down from the wedge, watch for lower time frame bearish continuation correction for possible entries down the the recent lows.

thank you
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Out for +2.8% profit, will monitor the price in next few days for possible re-entry.
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jojofang0901
Also on:
Chart PatternscorrectionexpandingFlagimpulseParallel ChannelpatternpriceactionstructureWedge

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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.
Chart PatternscorrectionexpandingFlagimpulseParallel ChannelpatternpriceactionstructureWedge
jojofang0901
Also on:

Related publications

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.