thecurrencysniper

EURJPY DAILY TIMEFRAME SHORTS

Short
FX:EURJPY   Euro / Japanese Yen
Since breaking market structure, price is has been looking bearish. In addition to this trend shift, price has also created a bearish channel. With a third hit of the channel resistance and a doji daily close (indecision, reversal candle, slowing down candle). I do think price will move lower and possibly come down to 132.52 as my first downside target then 132.35. An ABCD pattern is also taking shape.
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