Technician

EURJPY: Watch this Confluence #forex

FX:EURJPY   Euro Fx/Japanese Yen
1714 10 41
A confulence of potential resistance levels that suggest watching this are for a short trade. Despite all the confluence, i always prefer to wait for confirmation through candlesticks or RSI momentum divergence.
  • Potential for a new lower high
  • Two descending resistance levels , one for a broken triangle pattern and one for the overall bearish wave.
  • 50-days SMA
  • Fibonacci retracement levels

Good luck...
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Technician
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pipercolt
2 years ago
Although you could say that the third test of this resistance line will breakthrough
Reply
Technician TOP pipercolt
2 years ago
will? can you see the future?
+1 Reply
Tom_Killick pipercolt
2 years ago
It could also break out and go to a value of 2,000. Your point has no substance.
Reply
Faruk Miah
2 years ago
NOT BAD
Reply
PriceActionTrading Faruk Miah
2 years ago
Not bad? This is awesome.!
Reply
mpenaloza
2 years ago
there it is bro. what now?
Reply
Technician TOP mpenaloza
2 years ago
Nothing should be done except waiting for a short signal now, according to my approach.
-1 Reply
mpenaloza Technician
2 years ago
excelent bro
Reply
hello can enter short now
Reply
null
2 years ago
Hi Technician! Could this be the case? Thank you!
Short?
Reply
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