eurjpy short position
Updated
Price broke an ascending trendline and created a lower low in 4h timeframe. After the correction/exhaustion when it creates a lower high i will look for shorts. Last Higher low and current push's fibonacci zone is matching so i will wait for market to react to this area (golden zone). After the 4h rejection wicks i will go down to smaller timeframes to look for a short position. Target is -0.27 fibonacci level matching with the structure on left.
Note
might be double top. might break. Dont know Dont care. Will let this one play out. Looks like its gonna create a higher low and keep going up a bit moreNote
strong bullish momentum inside the area i marked for short entry. No rules= no entry. Trending upwards. Posted a new idea.
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