EUR/JPY — SHORT (10/15/22)
Hey Everyone,
Another pair that has made my weekly watchlist is EUR/JPY. The current price action is indicating one more push up to break this double top as we have an expanding pattern and a flag continuation. Once price breaks above the high and catch traders on the wrong side of the market, we are more than likely to pop back below and give a flag continuation. If this occurs then I will look for a risk entry within the flag while setting the reduced risk entry as a safety net. The Yen pairs look like they are ready to start moving to the downside which can provide many opportunities to scale into the markets.
Below I have attached my weekly watchlist!
Link: same-koi-396.notion.site/Weekly-Watchlist-616dab87542e42a4814c564482af1443
Another pair that has made my weekly watchlist is EUR/JPY. The current price action is indicating one more push up to break this double top as we have an expanding pattern and a flag continuation. Once price breaks above the high and catch traders on the wrong side of the market, we are more than likely to pop back below and give a flag continuation. If this occurs then I will look for a risk entry within the flag while setting the reduced risk entry as a safety net. The Yen pairs look like they are ready to start moving to the downside which can provide many opportunities to scale into the markets.
Below I have attached my weekly watchlist!
Link: same-koi-396.notion.site/Weekly-Watchlist-616dab87542e42a4814c564482af1443
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