Euro / Japanese YenShort
EURJPY short
First of all I would like to remind you that all the three analyzes I have done here before have failed. Therefore, I am sorry to say that I cannot give you a definite estimate on this analysis. Analysis shows how the whole pattern runs in a channel. And the upper arm of the channel is clearly rejected. Now it is moving to the lower arm. Over a period of 1 hour the pattern oscillates below 200 MA and the first target is a small one up to 40pip. If you get the first target and break the bottom arm and trendline of the channel, you can continue the transaction until the second target is achieved.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.