Euro / Japanese YenShort
More downside possible
Reasons for trade-
1: Risk Reward 1:3 and 1:5
2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level
3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days
4.Price closed below major daily support of 131.700
5.Prerequisite for trade is bearish candlestick pattern near trigger level
1: Risk Reward 1:3 and 1:5
2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level
3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days
4.Price closed below major daily support of 131.700
5.Prerequisite for trade is bearish candlestick pattern near trigger level
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