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RizeSenpai
Sep 4, 2023 12:16 AM

EURJPY: Bearish Butterfly with PPO Confirmation and Divergence Short

EUR/JPYOANDA

Description

EURJPY is trading at the HOP level of a Bearish Butterfly while Bearishly Diverging on the MACD and printing a Bearish PPO Confirmation Circle just a few days ago as it broke the 21-day SMA. If it continues on this path, I'd expect the EURO to lose most if not all of the 2023 gains it's made against the Japanese Yen.
Comments
TheFxAce
I’m seeing the downside more clearly now. Thanks!
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