EURJPY Same Bearish Reversal, Watch Cor More Downside

16 мая 2022 г.

Hi traders:

EURJPY has also developed nice bearish price action from higher and lower time frames.

Start from the HTF, we can see a nice clean double tops, and price failed to continue higher after hitting the previous highs.


Instead, we see a H and S reversal structure, and on the lower time frame, strong bearish impulse broke below the lows.

Latest development has formed correction on the lower time frame, good signs of further bearish price action.

Look for continuation, bearish impulse to break out for confirmation to the next lows.

Thank you

17 мая 2022 г.

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Comment: didnt see this correction complete
nor bearish impulse to push out
so no entry, no trade

18 мая 2022 г.

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27 мая 2022 г.

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