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jojofang0901

EURJPY Short Term Sell Setup

Short
Euro / Japanese Yen (OANDA:EURJPY)  
jojofang0901 Updated   
OANDA:EURJPY   Euro / Japanese Yen
Chart Patterns Parallel Channel Head and Shoulders priceaction structure pattern impulse correction Wedge FLAG
22
19
chartpattern parallelchannel headandshoulders priceaction structure pattern impulse correction wedgepattern flag

Hi traders:

Similar like other JPY pairs, I am also seeing EURJPY can have a short sell potential.

We saw price has been within the channel like structure pushing the price up. An ascending channel was formed and broke the previous tops correctively.

Then, LTF formed a H and S pattern, and a strong LTF bearish move down. This could be the first sign of the bearish reversal on the lower time frame.

Wait for continuation correction after a strong breakout would be very ideal to look for the short sell down to previous lows.

Thank you
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