EURJPY Minor Short(11.5.21)Update

EurJpy nothing much Changing on the H1 or H4 Market just consolidating although our Entry gets filled and did dive downside as predicted. watching on the Daily candles forming the shooting stars at the Resistance adds more confluence to short this pair and formation of the M pattern would be expected this or upcoming week! but as today Inflation news going to Release, we would see some spikes as where Big banks and Institution will add their positions to short this pair, Weekly bullish trend has also overextended! Spikes around 132.250 area could Give us a sniper entry to take a swing trade

The second Entry Should be 132.250
with the target of 130.900 to the support
and Sl around 132.650 above the Psychological number(Same as Previous Analysis)


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Chart PatternseurjpyshorteurodollarFundamental AnalysisjpypriceactionanalysisscalpingTrend Analysis

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