Rendani05
Short

EUROJPY COMPLETION OF A ABCD PATTERN

FX_IDC:EURJPY   Euro / Japanese Yen
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EURJPY HAVE BEEN TRENDING DOWN FOR THE PAST 4 WEEKS THE MOMENTUM LOOKS STRONG TO THE DOWNSIDE. PRICE HAS BEEN CREATING LOWER LOWS AND LOWER HIGHS. FOR THE PAST DAYS PRICE HAS BEEN TRAPPED UNDER THE LEVEL OF 61.8% OF THE FIB. THE STRONG REJECTION OF THE 61.8% STILL SHOWS THE MOMENTUM IS STILL TO THE DOWNSIDE
ENTRY AT THE BREAK OF 131.2160
TP AT 128.3470

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