Euro / Japanese YenShort
EURJPY - Bear Flag Break Continuation
Sharp move down (blue arrow) followed by some retracement, forming a bearish flag (green channel). The bear flag is now broken, looking for a further move downward.
The sharp upwards move since US election also is showing signs of slowing as that major trendline is also breaking.
Targeting AB=CD completion and 161.8 extension of recent retracement. Look for going long again at that point (~121 figure)
The sharp upwards move since US election also is showing signs of slowing as that major trendline is also breaking.
Targeting AB=CD completion and 161.8 extension of recent retracement. Look for going long again at that point (~121 figure)
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