Euro / Japanese YenShort
EUR/JPY - Short - Sep
We can see that the market is coming from a bearish momentum and is now creating the correction, with the possibility that the next move will be the impulsive one. We see that in the correction we have structure and that the price is reaching a double top zone, with the likelihood that the market will reach that zone and we see signs that it is likely to push lower. At the same time we see that the third touch of the structure is close to the double top, so we have more confluences that are in our favour.
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