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VasilyTrader
Aug 13, 2020 8:03 PM

EURJPY May Retrace! Here is WHY: Short

EUR/JPYOANDA

Description



EURJPY reached a key weekly structure resistance.

this key level matches perfectly with a resistance line of a rising channel on a daily.

once the market touched this line, we see a strong bearish reaction and bearish engulfing candle formation on 4h.

based on that I believe that the price may drop even lower.

goal - 125.6

good luck
Comments
Pu-Ta-O
Hmm... am seeing current bullish trend will reach 129-130 level...
Let's see how market moves...

Cheers!
VasilyTrader
@Pu-Ta-O, thank you for comment my friend!
pring2751
Great Man ! You are very great too ! :)
VasilyTrader
@pring2751, thanks a lot!!!
Yassminee
GREAT ANALYSIS,GOOD LUCK
VasilyTrader
@narjes, thank you ☺️
VasilyTrader
Do you agree with me?
Dbatley
@VasilyPonomarev, perfect analysis - look at it dropping off the side off of a cliff! Thank you! :)
VasilyTrader
@Dbatley, you are welcome bro!
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