EURJPY Sells

4 באוק׳ 2021

EURJPY is looking good for a short, continoius down trend on higher time frames, with price reacting to the downtrened outlined in chart mark up. Additionally price is at a level of resistance, where it is acting positivaly. Fib shows us that price is addtiionally reacting to a key level,, again giving us an indication of the market staying bearish. recent wicks left on multiple time frame show heavy bottom candles, supporting the decision to short. Finally, the 200 EMA is at price. TP is set to a previous high where market has reacted, and SL the same.