Short Eur/Jpy based on the tl and the rectangle

١٨ يناير ٢٠٢٠

Interesting situation on EURJPY, stopped on TL resistance, with a fake out inside and an engulfment; the pair is in a rectangle first target EMA 200 confluence TL up, then the bottom of the rectangle at round 120. Volume up seems contracting. Altough last engulfment doesn't have a good volume.