SmartTradingFX

EURJPY: Structure Based Short

Short
FX:EURJPY   Euro / Japanese Yen
6
Analysis on chart!

Up into a zone where we have seen rejection previously... Structure support turned resistance along with minor dynamic resistance...

We have Harmonic Legs completing here along with 1.27, 1.414, 1.618 Fib Extensions and a 1.618 Fib Inversion, and pressing Overbought conditions on the RSI...

I will use my entry TF which is the 1H to see if i can get a strong enough signal to enter short here...

At the time of writing this price is looking to push this area so we will see if there is any selling pressure here...

Conitinue to press the like button if you like this idea and comment away with any feedback and or constructive critisism!

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