EURJPY: Watch this Confluence #forex

FX:EURJPY   Euro / Japanese Yen
1721 10 42
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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Hi Technician! Could this be the case? Thank you!
hello can enter short now
there it is bro. what now?
Technician mpenaloza
Nothing should be done except waiting for a short signal now, according to my approach.
-1 Reply
mpenaloza Technician
excelent bro
Not bad? This is awesome.!
Although you could say that the third test of this resistance line will breakthrough
Technician pipercolt
will? can you see the future?
+1 Reply
It could also break out and go to a value of 2,000. Your point has no substance.
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