jojofang0901

EURJPY 2 possible sell scenarios

Short
OANDA:EURJPY   Euro / Japanese Yen

Hello traders:

Seeing EURJPY is very close to have that bearish reversal we have all been waiting for.

Price could not push out form the ascending channel previously, and made another pushed up.

But now seeing a small reversal correction at the top, the price could begin its LTF bearish move very soon.

2 possible entries that I will be looking for:

-either price confirmed the breakout, and form continuation correction
or
-price bounce off the bottom of the channel, but formed a right shoulder for Head and Shoulder pattern f or reversal down.

Thank you
Comment:
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Comments

Yeah, I think your scenario is High probability !
+1 Reply
@FOREXN1, More confirmations for me. Certainly no right or wrong in trading. Just different plans, management :)
Reply
Yess exactly the same for me
+1 Reply
jojofang0901 TheSignalyst
@TheSignalyst, Great :) good to hear that.
Reply
Thanks for sharing. this is what i think
+1 Reply
@abel11, Nice :) glad we are seeing the similar bearish potential
Reply
Totally agree with you! I have the same setup watching since the previous week. Thanks
+1 Reply
jojofang0901 KlejdiCuni
@KlejdiCuni, Absolutely :) thx bud
Reply
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