spesfinancial
Short

EURJPY today's short setup

FX:EURJPY   Euro / Japanese Yen
600 1 8
As can be seen EURJPY             price has been resisted by horizontal resistance and downside trendline . If this candle could give a decisively weak signal but hold around the support zone , I will look for a retracement at short-term and sell at the breakout. Potential target is at today's ADR             but may close before target reached if price give reversal pattern. EURCAD             has a similar short pattern now.
Comment: The support has been broken. In this case I may choose to enter short at 38.2% fib, but it depends on this hour's candle pattern.
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of market analysis through the use of a trendline.
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