Euro / Japanese YenShort
EURJPY , POTENTIAL WAY TO GO SHORT.
Last week EURJPY broke down support zone , price has reverse and tested the previous support zone on a 4H Time-frame.
on the a 4H Time frame price have made a bearish engulfing candle, this give us clear signal that sellers are the the market and trying to push the price from the peak.
FIBONACCI RETRACEMENT
Also using fib retracement tool price has tested 0.618 fib level. this also give us clue that sellers are still in the market and are trying to push price down. my first Target is 139.600 and last target is 145.000.
on the a 4H Time frame price have made a bearish engulfing candle, this give us clear signal that sellers are the the market and trying to push the price from the peak.
FIBONACCI RETRACEMENT
Also using fib retracement tool price has tested 0.618 fib level. this also give us clue that sellers are still in the market and are trying to push price down. my first Target is 139.600 and last target is 145.000.
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