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NFFX

EUR/JPY - SHORT

Short
Euro / Japanese Yen (FX:EURJPY)  
NFFX  
FX:EURJPY   Euro / Japanese Yen
short Bearish Patterns pips fib Fibonacci money FREE trade Trend Lines trend
3
2
short bearish pips fib fibonacci money free trade trendline trend
OK so i got a little bit excited analysing this pair, ill give you a breakdown of the higher timeframes and leave it to you to find a safe entry on the lower timeframes!

Monthly

  • MA's crossed bearish
    Bearish engulfing candle (January)
    Broke major support at 137.000 & Retested
    Next monthly support at 115.00

Weekly

  • Trendline broken
    Weekly engulfing candle + marabozou
    About to take out previous lower low
    Rejected the 0.50 fib level
    Confirmed the 0.382 fib level
    Confirmed lower high
    Weekly support broken
    New LL expected upon break of 126.929

Daily

  • Double Top
    Double Top extended range break coincides with -61 fib extension + weekly support

FIRST TARGET - 122.000
SECOND TARGET - 115.00

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