EURJPY: Clear Bearish Patterns Support the Next Sell Entry

17 mag 2022

Recently, the price has broken down from a horizontal channel, making a new lower low at the 133.00 level. After a sharp bearish impulse, we can see the price began to form a bearish flag channel, aiming to retest the previous support level of 136.50. These are great bearish patterns and we will be looking to enter sell positions after a retracement to the 136.50 level

Check out our previous Euro pairs trading ideas :)