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Euro / Japanese Yen
Short

EURJPY 300 PIPS SWING IDEA

By fasthandfx
Updated
The EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
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Chart PatternsEURJPYeurjpyanalysiseurjpyforecasteurjpyideaeurjpypredictioneurjpyselleurjpysetupeurjpyshorteurjpysignalTechnical IndicatorsTrend Analysis
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