elevatedinvestor
Short

EURJPY (If this 4H closes marobozu)

OANDA:EURJPY   Euro / Japanese Yen
Looking at another trap move.

The two blue lines are previous highs.

Exactly at those highs we have an obvious bullish engulfing which just got reversed on.

It's behaving like the market makers set up a trap. I will be watching to go short.

Something to add to the watchlist, no entry trigger yet. but definitely peaking interest.

Bearish Bat Pattern Complete as well.

Comments

I will be monitoring as well, here is my analysis
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ignore this, I will post another if I see something. EJ is looking kinda ready for a short, will know for sure by end of NY today
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Still watching EJ, Bullish on the Euro today, We might get a new high on EJ then a potential drop. Just watching from the sidelines for now. There is no news today, and the Dollar seems to be the best mover today. Will update as this progresses
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