EURJPY - Short on weekly bearish engulfing and h1 bearish flag
Title says it all. Big risk being how will JPY open tomorrow considering Abenomics is now approved by the Japanese + the Tankan survey tomorrow.
Fundamentals aside, technically EURJPY shows good signs of a quick short trade. Considering the entry is quite some pips away from Friday's close, any upside gaps should be safe for the entry.
Watch out for 148 zone for any bearish candlestick patterns as it forms a short term resistance level.
Good luck!
Fundamentals aside, technically EURJPY shows good signs of a quick short trade. Considering the entry is quite some pips away from Friday's close, any upside gaps should be safe for the entry.
Watch out for 148 zone for any bearish candlestick patterns as it forms a short term resistance level.
Good luck!