Euro / Japanese YenShort
EURJPY Sell Idea
D1 - Potential hidden bearish divergence forming.
H4 - Double wave up, price has reached the 61.8% fibo extension zone. We have a magnet zone slightly higher based on the 38.2 - 50% fibo retrace of the special cycle and 100 fibo extension of the double cycle.
Bearish divergence, the price has created a perfect uptrend line and once we get a valid breakout of this trend line we may start looking for sells.
H4 - Double wave up, price has reached the 61.8% fibo extension zone. We have a magnet zone slightly higher based on the 38.2 - 50% fibo retrace of the special cycle and 100 fibo extension of the double cycle.
Bearish divergence, the price has created a perfect uptrend line and once we get a valid breakout of this trend line we may start looking for sells.
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