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Euro / Japanese Yen
Short

EURJPY, at resistance zone.

By iamarielle_868
This is why I always put emphasis on waiting for a reversal pattern to form on a lower time frame before entering a trade. EURJPY did not form a reversal pattern on my previous chart analysis, therefore I did not take a bearish trade. Price has decided to continue buying and has made its way to a 4H resistance zone with multiple hits. Once again, drop to a lower time frame and wait for a reversal pattern to form along with a breakout before looking for a bearish entry. If price continues to break above these zones that just means we will continue looking for bullish entries for the time being.
Chart PatternsEURJPYpriceactionreversalpatternTrend Analysis
iamarielle_868
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