Traine

EURJPY BEARISH BUTTERFLY COMPLETION

Short
OANDA:EURJPY   Euro / Japanese Yen
WE HAVE A BEARISH BUTTERFLY COMPLETION. PRICE DID EXTEND PAST THE TARGET LEVELS, BUT TAHT IS OK, BECAUSE PRICE USUALLY WILL HEAD INTO A PRZ IF IT IS CLOSE BY. WE SEE A REVERVAL PATTERN, (DOUBLE TOP) AND PRICE STARTED TO HEAD DOWN. LEVELS OF SUPPORT AND RESISTANCE ARE MARKED FOR AREAS WHERE WE COULD SEE SOME STALLING. BUT OVERALL, I THINK THIS IS GOING TO DROP VERY NICELY. LET'S GO


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