EURJPY: Watch this Confluence #forex
A confulence of potential resistance levels that suggest watching this are for a short trade. Despite all the confluence, i always prefer to wait for confirmation through candlesticks or RSI momentum divergence.
Good luck...
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Technician
- Potential for a new lower high
- Two descending resistance levels , one for a broken triangle pattern and one for the overall bearish wave.
- 50-days SMA
- Fibonacci retracement levels
Good luck...
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here thefxchannel.com/ ,
twitter.com/thefxchannel
My best regards
Technician
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