Rick_69ro

EUR/JPY 4H - Prepare for SHORT to 128.500

Short
FX:EURJPY   Euro / Japanese Yen
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5
Reasons:Bearish HIDDEN divergence between Point A and Point B and blue line. Immediate classic divergence with red lines. Andrew's pitchfork pointing a reversal to the median line to 128.500 area. If this is the top, then we are set. If 131.500 is not the top, the chart must be revised correspondingly. That's why wait for a lower high to take shape before going short.
Comment: Take a small short position. First target: 130.200
Comment: Ok guys, it seems like a final spike took place along the upper line of Andrew's pitchfork. It's a difficult pair but once it starts to go down it will go down violently. Add to short position once it goes below 131.100. On 15min chart we have H&S and a retest of the neckline already.
Comment: Houston, we have a problem ! We are going down :)). C'mon everybody get onboard for a short position. Next immediate target 130.700

Comments

Ok guys, it seems like a final spike took place along the upper line of Andrew's pitchfork. It's a difficult pair but once it starts to go down it will go down violently. Add to short position once it goes below 131.100. On 15min chart we have H&S and a retest of the neckline already.
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