Hi everyone:
EURJPY is currently trading on the top of the daily resistance zone around 130.00. On the 4 hr chart we are seeing a potential bearish flag in the making. IF we have a break out, we can potential see the price action hitting the support trend line of the triangle, or possible break out of the triangle down to the 38.20% for a nice risk:reward trade.
Thank you for your support and feedback.
EURJPY is currently trading on the top of the daily resistance zone around 130.00. On the 4 hr chart we are seeing a potential bearish flag in the making. IF we have a break out, we can potential see the price action hitting the support trend line of the triangle, or possible break out of the triangle down to the 38.20% for a nice risk:reward trade.
Thank you for your support and feedback.
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