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TheSignalyst
Dec 27, 2020 11:15 AM

EURJPY waiting for the sell setup trigger Short

Euro Fx/Japanese YenFXCM

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: EURJPY is sitting around strong resistance in blue so we will be looking for sell setups on lower timeframes.

on H4: EURJPY is forming a head and shoulders pattern. (not complete yet) so we are waiting for the right shoulder to form and then enter sell on the neckline break downward.

Trigger: Waiting for a momentum candle close below the gray area/neckline to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

As price approaches our lower green support, we will be looking for buy setups.

Good luck!
Comments
jojofang0901
I do see the bearish move potential as well, just waiting for more devleopement thx
TheSignalyst
@jojofang0901 exactly, let's see how it will develop
elsacatherine007
Great chart
TheSignalyst
@elsacatherine007 thank you Elsa 🙌
FXCM
Hey, nice idea! Here's mine on EURJPY too.

TheSignalyst
@FXCM good luck
SpartaBTC
Maybe this formation will give you good money.
TheSignalyst
@SpartaBTC let's see how it goes from here
TopgOptions
great chart. premium signal!
TheSignalyst
@CryptoFundManager thank you so much
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