EURJPY - Completing correction - Short opportunity
As of now,
EURJPY
is completing a corrective structure within the 60min / 4hr timeframe. Within the aforementioned one, there is also a smaller (upside) corrective structure, which can be seen in the chart. Once this structure is completed, we will be looking for a sell setup. We are already in the sell from previous highs, but we will sell more. If you are keen on a more conservativa approach, wait for a first impulse on the downside, wait for it to make a flag/correction to confirm that the downward impulse had started, and sell the break of the flag/correction.
Please remember to scroll up/down/left/right all charts to explore the structures and targets on the greater timeframes. Updates will follow.
Trade with care and only with a backtested strategy. Please don’t forget to like us if you feel that our analyses and views may be a useful complement to your trading strategies.
EURJPY
is completing a corrective structure within the 60min / 4hr timeframe. Within the aforementioned one, there is also a smaller (upside) corrective structure, which can be seen in the chart. Once this structure is completed, we will be looking for a sell setup. We are already in the sell from previous highs, but we will sell more. If you are keen on a more conservativa approach, wait for a first impulse on the downside, wait for it to make a flag/correction to confirm that the downward impulse had started, and sell the break of the flag/correction. Please remember to scroll up/down/left/right all charts to explore the structures and targets on the greater timeframes. Updates will follow.
Trade with care and only with a backtested strategy. Please don’t forget to like us if you feel that our analyses and views may be a useful complement to your trading strategies.
Comment:
Trade in play.
