Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (133.42). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPYis in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts...
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...
THERE IS A SELL TREND IN EURJPY ALSO AT PIVOT SO, CAN GIVE PROFIT IF WE GO SHORT ON IT!!! JUST GO FOR IT. :)
If EURJPY surpasses critical support region s, then it will go down of 100+ pips movement a chance