chiefcapitalfx

eur/jpy bearish set up

Short
OANDA:EURJPY   Euro / Japanese Yen
On the daily chart, the euro seems to have hit a new formed resistance which has been tested twice already. I'm expecting price to form a lower high than a lower low to confirm the bearish trend.

Would suggest selling at the break of the pattern if you want to wait for confirmation or you can sell below the resistance line if you're an aggressive trader.


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