Finally set up for the day on EURJPY

17 ביולי

EUR/JPY has shown considerable strength over the past few months, recently breaking an all-time high. However, I am now anticipating a downward move. Last week, on Thursday and Friday, I observed a significant reaction to the news release, which drove the price down. Since Monday, the price has been consolidating, and as of this morning, it has dropped further from its correction phase. Currently, the price action is forming a continuation flag pattern. Based on this analysis, I will place a pending order for this trade.