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thecurrencysniper
Jun 16, 2021 9:13 AM

EURJPY DAILY TIMEFRAME SHORTS Short

Euro Fx/Japanese YenFXCM

Description

Since breaking market structure, price is has been looking bearish. In addition to this trend shift, price has also created a bearish channel. With a third hit of the channel resistance and a doji daily close (indecision, reversal candle, slowing down candle). I do think price will move lower and possibly come down to 132.52 as my first downside target then 132.35. An ABCD pattern is also taking shape.
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