Market exhaustion on EUR/JPY

18 ביולי 2017

Eur/Jpy has touched the 2.236 level and it appears exhausted. I draw a daily trendline which I am expecting the price will break and go further down possible to 1.618 level. All I'm waiting for is a signal of the closing of this 4hr candle to see if closes as a doji, and I will jump right in. It's a 35 pip stop with a 145 profit, so is a good risk/reward trade if works.EURJPY