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EURJPY - SHORT (ANALYSIS)
WEEKLY
-Price is still very much Bearish on the High Time frames especially on the Weekly as were still trending to the downside with a series of LL and LHs and a clear continuation pattern (Bearish W)
DAILY
price has previously formed a Head and Shoulder pattern which is also followed by a continuation bearish W and a Clear Descending Trendline holding price
4H
- Price has formed a Bullish M pattern for a fib completion to the -27 aligned with the Daily Suppy and Demand Zone (whiteBox)
Disclaimer:
*this is for educational purposes only, not financial advice!
EURJPY - SHORT (ANALYSIS)
WEEKLY
-Price is still very much Bearish on the High Time frames especially on the Weekly as were still trending to the downside with a series of LL and LHs and a clear continuation pattern (Bearish W)
DAILY
price has previously formed a Head and Shoulder pattern which is also followed by a continuation bearish W and a Clear Descending Trendline holding price
4H
- Price has formed a Bullish M pattern for a fib completion to the -27 aligned with the Daily Suppy and Demand Zone (whiteBox)
Disclaimer:
*this is for educational purposes only, not financial advice!
Comment:
updated Chart in New Idea!