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jojofang0901

EURJPY Same Bearish Reversal, Watch Cor More Downside

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Euro/Yen japonés (OANDA:EURJPY)  
jojofang0901 Actualizado   
OANDA:EURJPY   Euro/Yen japonés
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi traders:

EURJPY has also developed nice bearish price action from higher and lower time frames.

Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.
snapshot

Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.

Latest development has formed correction on the lower time frame, good signs of further bearish price action.

Look for continuation, bearish impulse to break out for confirmation to the next lows.

Thank you
Comentarios:
Comment: didnt see this correction complete
nor bearish impulse to push out
so no entry, no trade
snapshot
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