EURJPY Sell - 4hr pinbar, major resistance

Short

Euro / Japanese Yen (FX:EURJPY)

Updated

FX:EURJPY Euro / Japanese Yen

Trend Analysis Chart Patterns Wave Analysis

trendanalysis chartpattern waveanalysis

Last week EURJPY formed 2 4hr pin bars, which were followed by the breakout of the neckline on the 15m chart. Based on this, we anticipate a retracement and a potential downtrend in the pair today.

Trade closed manually:

Closed at the entry, later in.

Comment:

I will reenter when the price below the trendline:

snapshot

Trade closed manually:

Closed this trade, the trade is invalid now. -1%

Comment:

The refine post has been shared:

EURJPY Sell - pinbar, huge rejection, golden entry opportunity

Comment:

Failure Note: the power candle didn’t show up, and the bearish volume wasn’t enough.

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