EUR/JPY Set Up
Monthly: We see a bearish Trend over the last months. Now short Trades are possible but the smaller Timeframes will show it.
Weekly: from the 15. April the chart from EUR/JPY is falling. On the 27. May is a very big bearish candle that shows firstly that the Trade will be short but secondly a retrace is highly probable. That happens last week.
Daily: We wait for a opportunity to sell the currency.
H4: The H4 Chart shows the first consolidations that confirm that the sellers get the upper hand, and the buyers are exhausted.
Monthly: We see a bearish Trend over the last months. Now short Trades are possible but the smaller Timeframes will show it.
Weekly: from the 15. April the chart from EUR/JPY is falling. On the 27. May is a very big bearish candle that shows firstly that the Trade will be short but secondly a retrace is highly probable. That happens last week.
Daily: We wait for a opportunity to sell the currency.
H4: The H4 Chart shows the first consolidations that confirm that the sellers get the upper hand, and the buyers are exhausted.
Trade closed: target reached