EURJPY has been on a steady downtrend for a while now, moving easily off of the top and bottom channels to make a perfect downtrend.
BE CAREFUL, as there was a lot of bullish momentum, however I do believe that the 61.8 retracement aswell as the top-of-channel resistance is a good indication of a potential 100-120 pip downward spike.
Note: I am a new trader, just posting an idea. Please feel free to comment on my trade and give criticism. :)
BE CAREFUL, as there was a lot of bullish momentum, however I do believe that the 61.8 retracement aswell as the top-of-channel resistance is a good indication of a potential 100-120 pip downward spike.
Note: I am a new trader, just posting an idea. Please feel free to comment on my trade and give criticism. :)