EURJPY Short

١٨ أكتوبر ٢٠١٩

Executing short position in this current area. Market is finding nice resistance inside the green highlighted zone. Major rejection. Market is breaking daily time-frame downtrend structure. Time for the retracement. Nice channel being created if this move plays out as expected. Target 1 can be the 38.2% Fibonacci level and target 2 can be the bottom of the channel which is in line with the 61.8% Fibonacci level.