歐元 / 日圓看空
Possible Reversal on EURJPY
We finally found some bearish movement on EurJpy. I've been avoiding bullish buys on this pair for a while now because in my subjective opinion, it looks overbought. When we analyze price on the daily timeframe, we are currently sitting at a daily non-horizontal resistance level that could warrant a bearish reversal.
When scoping down to the 4H timeframe, price is also sitting at a lower-timeframe resistance level. This overbought non-horizontal resistance level identifies a great opportunity fro sell setups. We've began to violate the recent significant support level, showing some bearish movement. If this pair develops more downtrend structure, I'll be looking for sell setups.
When scoping down to the 4H timeframe, price is also sitting at a lower-timeframe resistance level. This overbought non-horizontal resistance level identifies a great opportunity fro sell setups. We've began to violate the recent significant support level, showing some bearish movement. If this pair develops more downtrend structure, I'll be looking for sell setups.
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