aspietrader

Short Eur/Jpy based on the tl and the rectangle

Short
OANDA:EURJPY   Euro / Japanese Yen
Interesting situation on EURJPY, stopped on TL resistance, with a fake out inside and an engulfment; the pair is in a rectangle first target EMA 200 confluence TL up, then the bottom of the rectangle at round 120. Volume up seems contracting. Altough last engulfment doesn't have a good volume.

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.