1) Price broke through trendline. 2) Price came back to retest the Weekly key level which is also a 0.5 fib level 3) Price created LL, LH and is about to create a new LL.
TP is almost +300 pips and SL is placed above the structure.
Why is everybody shorting this pair??? Clearly it was the wrong call!!!
thedreamville
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@thedreamville long term is on an uptrend however short term it seems to be forming reversal pattern for a small correction. I would look for buy opportunities only on this pair for the next couple of months!!!
UnknownUnicorn11814166
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@thedreamville, It was a wrong call, but loses are part of the game.
FXCM
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thanks for sharing, this is my view on EURJPY:
UnknownUnicorn11814166
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@FXCM, I am definitely expecting the drop, sooner or later. Thanks for sharing your detailed analysis, really on point!