EURJPY Sell Idea
H4 - Big double cycle up, bearish divergence has formed.
The second leg of this double cycle has reached the 100 fibo extension level of the first leg and is holding in that zone.
Once we get a breakout of the uptrend line we may look for sell setups, until price reaches the 38.2 - 50% fibo retrace zone.
The second leg of this double cycle has reached the 100 fibo extension level of the first leg and is holding in that zone.
Once we get a breakout of the uptrend line we may look for sell setups, until price reaches the 38.2 - 50% fibo retrace zone.
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