Get started
VladimirRibakov

EURJPY Sell Idea After Trend Line Breakout

Short
Euro / Japanese Yen (FX:EURJPY)  
VladimirRibakov Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Trend Lines Fibonacci EURJPY SELL Bearish Patterns doublewave bearishtrendpattern Trend Line Break bearishdivergence
9
2
trendanalysis trendline fibonacci eurjpy sell bearish doublewave bearishtrendpattern trendlinebreak bearishdivergence
D1 - Potential double wave down.

Price still has room lower towards the 61.8%(122.479) Fibonacci expansion level of the first wave.

Currently, there are no signs of trend change.

H4 - Bearish trend pattern followed by double wave correction.

Bearish divergence, most recent uptrend line breakout.

Expecting further continuation lower in the short term.

Comment:
The bearish move that I was looking for happened as expected after deeper pullbacks!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.