Euro / Japanese Yen

Short

EURJPY short, price action

By rjthegreatxx

Updated

EURJPY broke a 1 month+ old bullish trendline and support level, can be sold. On the H4 last hour closed with a Bearish Outside Reversal Bar pattern, indicating break of the 131.6 support. Support also is on the .5 fibonacci level, I'll be targeting the .5 fib level for TP. MACD and RSI indicating overbought, also crossing VWAP downward on the H1.

Note

snapshot

Note

Closeup of Bearish Outside Vertical Bar on the H4

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