EURJPY SHORT IDEAAfter the liquidity spike we saw on the daily we can now see the market is shifting in to bearish market on lower time frames. However overall the market is still bullish on Higher time frames.
Price has already retraced and rejected the 78.6 fibbo level since then we have created a head&shoulder pattern for extra confluence to support my short idea.
I’m now looking to see if we can print a new lower high to test the neckline of the H&S. I’ll monitor price action for confirmation.
So far looks good to me as if you look at the daily you can see the candle stick formation is bearish.
Eurjpyidea
EURJPY SYMMETRICAL TRIANGLE.EURJPY in Daily Time frame is Following symmetrical triangle
we need to wait for breakout then we can buy this Pair.
Note one think it can be broken Downside as well depend on market condition if it breaks downside then follow the rule of the symmetrical triangle.
What is a symmetrical triangle?
The symmetrical triangle is one of three important triangle patterns defined in classical technical analysis. The other two triangles are the bullish ascending triangle pattern and the bearish descending triangle pattern. The symmetrical triangle consists of a simultaneous downtrend and uptrend lines.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan