EURJPY - START OF BEARISH TREND

Apr 13

Market is printing series of HH and HL, however there is strong Bearish Divergence. Market is also approaching towards strong daily Resistance level. Further seems like market is making double top kind of situation. Also, we aim to enter in to the market when the market break the neckline or the HL and we aim the market to enter the golden zone of the bullish leg which is 0.382 to 0.5 percent of the FIB level.

Apr 14

Note

Market has printed New HL and this can be seen as a potential HL / neckline to enter for short entry with a tighter SL above the new Double Top. R:R can be adjusted to 1:3.

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Apr 17

Note

See the magic, our Entry trade has been executed. now lets wait how the price reacts to our targeted levels.