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Euro / Japanese Yen
Short

EURJPY: Potential Short Trade

By chowkiat
Updated
snapshot

EURJPY: Prices has once again retrace back up to resistance area on my chart. Prices tried testing the highs since yesterday but bulls aren't strong enough to bring it higher and it seems like sellers are starting to take control of this pair now. The last time price retested the same resistance, it bounced off aggressively and created a very nice risk-reward. The risk-reward on this candle isn't as attractive currently. Will monitor closely and look for opportunity to sell this pair.

Edward
Order cancelled
No sell orders was created and bulls took control back firmly with prices breaking above the resistance easily. May turn into a bullish trade instead. Keep close watch.

Edward
EURJPYeurjpyshortpriceactionreversaltradingTrend Analysis
chowkiat

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