Bills_Fx

EURJPY POSSIBLE BEARS

Short
FX:EURJPY   Euro / Japanese Yen
I've got my eyes on EURJPY bears as i'm taking my bias from the HTF as the Monthly candle closed below Monthly resistance and has already retested it, looking at my weekly TF i noticed the rejection too and how the market has not been able break resistance or long, so i'll be patiently waiting for the market to close as a shooting star which will be more confirmation for my bearish bias, the Daily is shifting from a bullish to bearish already and i also noticed all the bullish move on the Weekly TF in which we know after a series of bullish move then we should expect a reversal and the Fibonnaci is te best tool in which i was able to determine my TP in which is the first place at 38.2 fib level in which is also more confluence for my bearish bias. so i'll be waiting to see how it all plays out beginning next week so as to know maybe i'll be going ahort or not but i have my bias and entry all laid out...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.