Technician

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