EUR/JPY - SHORT
OK so i got a little bit excited analysing this pair, ill give you a breakdown of the higher timeframes and leave it to you to find a safe entry on the lower timeframes!
Monthly
Weekly
Daily
FIRST TARGET - 122.000
SECOND TARGET - 115.00
Monthly
- MA's crossed bearish
Bearish engulfing candle (January)
Broke major support at 137.000 & Retested
Next monthly support at 115.00
Weekly
- Trendline broken
Weekly engulfing candle + marabozou
About to take out previous lower low
Rejected the 0.50 fib level
Confirmed the 0.382 fib level
Confirmed lower high
Weekly support broken
New LL expected upon break of 126.929
Daily
- Double Top
Double Top extended range break coincides with -61 fib extension + weekly support
FIRST TARGET - 122.000
SECOND TARGET - 115.00
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