TradingView
VasilyTrader
Oct 14, 2023 7:56 AM

EURJPY: Bearish Outlook Explained 🇪🇺🇯🇵 Short

EUR/JPYOANDA

Description



After a test of a significant daily structure resistance,
EURJPY retraced and formed a head and shoulders pattern on a 4H time frame.

Before the market closed, the price violated its neckline and closed below that.
It is an important sign of strength of the sellers.

The pair may keep falling now to 156.7 support level.

❤️Please, support my work with like, thank you!❤️
Comments
TheFxAce
The bearish tone is both realistic and well-argued.
Arazmajeed
Great plan ,very helpful
ArmanShabanTrading
Beautiful setup!
MonoCoinSignal
Your charts are always a step ahead in analyzing market trends.
VasilyTrader
Are you bearish on EURJPY?
More