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Edwine_Okothi
Mar 5, 2020 9:11 AM

EURJPY Short

EURO / JAPANESE YENICE

Description

Symetrrical traingle break to the downside and we ride with it
Comments
FXCM
Nice call on this, price is holding very nicely below your descending resistance line and retested its breakout ascending support line before a further drop, I have a bearish view on it as well: tradingview.com/chart/AUDJPY/DrX8tVTH-Breakout-Identified-in-EURJPY/, price is pulling back to its breakout level where we might see a further drop below this level.
Edwine_Okothi
@FXCM, amazing!
FXCM
thanks for this, I agree with your descending resistance line and we can see price under bearish pressure. I have a slightly different bias on this - bullish bias but to agree that we would need price to break the descending resistance line to see a further push up. Here is my idea:
let me know what you think!
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