EURJPY Strong Sell Setup

FX:EURJPY   Euro / Japanese Yen
A very strong sell setup is about to be formed. Price has broken a key support level , pullbacked to test it now as a resistance and now moving into a corrective structure. Just wait for a breakout to the down and short this pair. Stoploss should be the previous high wherever this forms and as profit target we should aim for 1.27 of the fib level of the impulsive wave which broke the support level .

Key support level now acting as resistance:

Happy New Year and Christmas
Thank you very much Almak.. I wish all the best to you and your family as well..
Hey, is your Trade still valid?
Price is still in Correction maybe we see a break at the 0,5 or 0,618 Fib. Good Luck!
Fxprotrader P_Parker
Yes it's still correcting, so we wait for the breakout to the down..
+1 Reply
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