EURJPY Watch For Bearish Price Action
Updated
Hi traders:
Closely watching some JPY pairs as always, and EURJPY and CHFJPY are looking good for potential bearish reversal.
We can see price continue to correct to the upside, but not in a impulsive price action, rather very correctively moving itself up.
We can see price just broke the higher time frame double tops, and a smaller, LTF ascending channel has formed.
Price can certainly continue to correct up, in that case no entry and continue to observe.
Where as when the correct is finished, I will be looking for the bearish breakout, followed by continuation correction to get in the on the sell
Thank you
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