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FOREXN1
Jul 27, 2022 9:58 AM

EUR/JPY: DOWNTREND | FIBONACCI ANALYSIS | SHORT SETUP 🔔 Short

Euro Fx/Japanese YenFXCM

Description

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On 28 Jun the EUR/JPY market did the third top before starting its decline to the downside characterized by a Pullback on 61.8% Fibos level and Swing low decrease higher and lower. I drew an ABCD pattern projection which probably will be completed with the 4 leg, the D point. Price level 135.500 is our target with entry at 138.000 below the last local lower. Our vision's clearly bearish. What do you think about it?

Comment

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Comments
KlejdiCuni
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Very good job here. Thanks
FOREXN1
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@KlejdiCuni, Thank you I appreciate !
JoeChampion
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Clean work buddy, looks an excellent downtrend
FOREXN1
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@JoeChampion, Thank you
DeGRAM
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Thank you for sharing your analysis.
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