Fxprotrader

EURJPY: Sell Opportunity at Key Resistance Level

Short
OANDA:EURJPY   Euro / Japanese Yen
Price broke below the median line of a long term pitchfork, and it seems now that it's in a consolidation forming a flag pattern. Looking at the green downsloping pitchfork we see that the slope is pretty active and most likely the upper parallel will act as good resistance.

Selling the breakout below the flag is a nice idea.
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