EURJPY Watch strong breakout for sell
Updated
Hi fellows, This pair has already moved a lot. I am anticipating breakout of the 4hr TCP pattern to the downside. If price do not breakdown with strong impulse then it can test the top again is so then watch price action at the top again for short. In case 4hr TCP pattern change it self then we can look for short term buy but remember longer term trend is bearish so price is forming trend reversal pattern on bigger time frame so it will fall on longer term so any buy there gonna be for short lived. Currently we are having 4HR TCP and watch that pattern breakout for short. This pair will be under pressure in coming weeks because we are having BOJ and ECB Press conferences in next week so watch breakout on this pair for longer term opportunity.
Note
Here is the lower time frame fellows. Watch the lower time frame upper channel trend line for short before the breakout. Note
Watch for breakdown. In case do not breakdown then look for short term buy and then look for sell from top again. Note
Watch top for short fellows. Note
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Note
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We have broken trend line watch for TCP completion before any further sell. Note
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