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EURJPY Watch For Bearish Price Action
Euro / Japanese Yen
Short
EURJPY Watch For Bearish Price Action
By jojofang0901
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Updated
Jun 14, 2021
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May 31, 2021
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
Jun 14, 2021
Comment
Jun 17, 2021
Comment
Chart Patterns
correction
EUR
Flag
impulse
jpy
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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