PeanutButter

EURJPY POSSIBLE MONTHLY STRUCTURE OHLC

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FX:EURJPY   Евро / Японская иена
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EURJPY
Price has been very bullish since the open of this current month.
Price is extremely overbought and a pullback is bound to happen anytime soon if Priceline crosses below bloodline in a daily timeframe.
Looking at the 4Hour chart we can see a possible OHLC structure forming with Priceline ready crossing below the bloodline indicating bears are gaining control.
Remember it’s still the first week of this trading month and we have NFP a few days away..
EURJPY trade with caution.. possible structure in Hour timeframe OHLC .. look for sells after the close of current candle .
Overall yearly structure is OLHC.. price is currently within the open hence we experiencing this monthly possible reversal structure .. Patience

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