EUR/JPY Broken Key Trendline (Sell)

5 באוק׳ 2017

EUR/JPY has broken a very important trendline. On the one hour we can see the formation of a bearish flag which further signifies movement to the downside. If we look on the daily we can see that there is an even bigger trendline around 1500pips away (downside). We have just broken the 4H trendline and are correcting, which is good. Good time to sell back down to the Daily trendline. This is a long term trade. Trade safe traders.