Euro / Japanese YenShort
EJ H4 chart short opportunity
looking at the weekly EJ it has been under the 200sma for the 5th consequtive week, where it sees supply from the left beginning of 2016
on lower tf this 5 weeks give a potential bear flag
on the chart there is a fib extension that hasn't reached it's 100% or 161% extension, which would be my targets if the weekly 200sma breaks to the upside.
my targets are lower in the fib extension as can be seen on the chart
all that is left is to find a good entry on lower tf's when it breaks the bear fllag
on lower tf this 5 weeks give a potential bear flag
on the chart there is a fib extension that hasn't reached it's 100% or 161% extension, which would be my targets if the weekly 200sma breaks to the upside.
my targets are lower in the fib extension as can be seen on the chart
all that is left is to find a good entry on lower tf's when it breaks the bear fllag
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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.