Hi everyone:
I am also looking at EURJPY for sell. Similar like CADJPY, all JPY pairs have some bearish continuation structures and can expect further downside.
We see the price dropped down from the previous structure, and begin to form this deeper correction.
Last bit of price action shows price went up to tag the top of the wedge and a sharp move down to form a small correction on the lower time frame.
If we see a confirmed breakout, then this could be the beginning of the next bearish run to the lows.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
I am also looking at EURJPY for sell. Similar like CADJPY, all JPY pairs have some bearish continuation structures and can expect further downside.
We see the price dropped down from the previous structure, and begin to form this deeper correction.
Last bit of price action shows price went up to tag the top of the wedge and a sharp move down to form a small correction on the lower time frame.
If we see a confirmed breakout, then this could be the beginning of the next bearish run to the lows.
Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
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Related publications
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.