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remelthomas

EURJPY SHORT

Short
Euro / Japanese Yen (FX:EURJPY)  
remelthomas  
FX:EURJPY   Euro / Japanese Yen
euro EUR eurjpyselling EURJPY jpy yen SELL Bearish Patterns short downtrend dynamiclevels dynamic 200ma 200sma Support and Resistance structure-trade structrue priceaction Trend Lines trendtrading swingtrade swingshort Double Top
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euro eur eurjpyselling eurjpy jpy yen sell bearish short downtrend dynamiclevels dynamic 200ma 200sma supportandresistance structure-trade structrue priceaction trendline trendtrading swingtrade swingshort doubletop
PRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC TRENDLINE/RESISTANCE AND IT IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL WHICH IS MAKING THIS TARE A HIGH PORTABILITY WE COULD GET SOME DOWNSIDE PRESSURE. TARGET AT 126.000
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