another similar selling opportunity like what we have on #EURJPY.
again we have bearish impulsive which is followed by a corrective bullish move, showing that price have an intention of more downside move, but in order to do that price needs to take out liquidity from somewhere.
so in order to short this pair following things need to happen:
1- price comes up to reach the arrow which also is a static resistance area
2- price fails to close above the arrow
3- lower timeframe price structure shift to bearish. ( in lower timeframe price fail to create HH or HL and turn downside)
again we have bearish impulsive which is followed by a corrective bullish move, showing that price have an intention of more downside move, but in order to do that price needs to take out liquidity from somewhere.
so in order to short this pair following things need to happen:
1- price comes up to reach the arrow which also is a static resistance area
2- price fails to close above the arrow
3- lower timeframe price structure shift to bearish. ( in lower timeframe price fail to create HH or HL and turn downside)
