SebastianAmayao

EURJPY SELL IDEA

Short
FX:EURJPY   Euro / Japanese Yen
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AS WE CAN SEE, THE PRICE KEPT AN UPTREND IN THE PREVIEW WEEK, THIS MOVE COULD BE CONSIDERED AS A RETRATMENT FROM THE PREVIEWS DOWN MOVES FROM TWO WEEKS AGO. NOW THE PRICE EXPLODE UP BUT WE CAN SEE NOW THAT THE PRICES IS LOSING BUYING STRENGHT. LOOKING AT THE LEVEL 1.30000 WE CAN SEE THAT THE PRICE WENT UP BUT THEN GOT BACK BELOW THE LEVEL. ALSO CHEKING IN 4H WE CAN SE THAT THE EMAs 8 AND 14 SHOWING A POSSIBLE DOWN MOVENMENT. IF WE LOOK ON 15 MINUTES WE CAN SEE THAT THE PRICE BREAK A RANGE OF PRICE TO GO DOWN. LOOKING AT THE REASONS WE HAVE. WE PREFER TO GO SHORT.

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