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RaynLim

EURJPY - Fib Retracement Trade

Short
Euro / Japanese Yen (FX:EURJPY)  
RaynLim  
FX:EURJPY   Euro / Japanese Yen
Fibonacci Candlestick Analysis Trend Analysis askforex100 EURJPY Fibonacci Retracement countertrend Candlestick analysis longshadow fib50
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fibonacci candlestick trendanalysis askforex100 eurjpy fibonacciretracement countertrend candlestickanalysis longshadow fib50
On the daily chart, the candle consolidates at the head and shoulders completion and end off with a long shadow candle, such candle formation shows a weakness in the continuation of a bull run. Hence, I'm waiting for a pullback into the Fibonacci retracement zone at 38.2%-50.0% for a shorting opportunity.
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