EURJPY Selling Opportunity Short

EUR/JPYOANDA

Description

⋅ Aug 6, 2017 8:49 AM

EURJPY is at it's weekly supply so buying will have higher risk.
on Daily, price is compressed, looks like buyer is under pressure.
Selling opportunity on H4 from newly created supply targeting the start of the compression on daily TF with 1:5 R:R.

Supply and Demand