josemarcucci
Short

Forming Triangle in D1

FX:EURJPY   Euro / Japanese Yen
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After the long down movement the price seems to be consolidating in a triangle waiting for the right moment to continue going down. The situation looks very bearish in all time frames, specially in the monthly one which shows clearly an engulfing .
I will be looking for an entry on an eventual break down of the triangle towards the level 128.5
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