EURJPY 11.2.2020
SELL
On the daily chart we broke out of a rising wedge pattern.
The chart pattern got retested.
Pricd made a corrective structure that got broken and also retested.
Now we broke a support zone and also this support zone got retested.
The corrective structure is right on a 38.2 fibonacci and for me that i a clear singe that this price can moce lower to the Fibo extensions 1.272 or 1.618.
MACD is shwoing since of a Divergence.
Thanks for reading. King regards.
SELL
On the daily chart we broke out of a rising wedge pattern.
The chart pattern got retested.
Pricd made a corrective structure that got broken and also retested.
Now we broke a support zone and also this support zone got retested.
The corrective structure is right on a 38.2 fibonacci and for me that i a clear singe that this price can moce lower to the Fibo extensions 1.272 or 1.618.
MACD is shwoing since of a Divergence.
Thanks for reading. King regards.
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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.