Trend: Bearish
Structure: Support and Resistance
Plan: We monitor EURJPY for a potential breakout to the downside. I would expect price to test the upper trend level before making a move down.
MACD confirmation before entry and price could always breakout to the upside confirming the double bottom.
Structure: Support and Resistance
Plan: We monitor EURJPY for a potential breakout to the downside. I would expect price to test the upper trend level before making a move down.
MACD confirmation before entry and price could always breakout to the upside confirming the double bottom.
Trade closed: target reached