TradeYodha
Short

Possible #EURJPY Short 60 M Short Opportunity (structure, sma)

FX:EURJPY   Euro Fx/Japanese Yen
@TradeYodha
TradeYodha.com
(Just my ideas, do you own analysis)

Possible EURJPY             Short 60 M Short Opportunity

1. Previous solid structure in the rectangle shaped area
2. 78.6 FIB level confluence of leg AB with 161.8 level of BC             extension
3. 200 SMA is close to that region
4. 10 SMA is not lagging behind the price so early retracement is less of a possibility
5. Must wait for the price to either show bearish divergence or have oversold for conformation
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