EURJPY - Break of neckline: potential 200+ pip drop
EURJPY has broken the neckline that price has been supported by since May. Today I look to capitalise by entering a short position aiming to reach around the 118.900 level.
Price action looks very bearish today with the last H4 candle closure (shooting star) being my confirmation to enter this trade.
Price is currently resting on the 121 psychological however hopefully with some bearish momentum we will get a break and a 200+ pip free fall to my target!
Price action looks very bearish today with the last H4 candle closure (shooting star) being my confirmation to enter this trade.
Price is currently resting on the 121 psychological however hopefully with some bearish momentum we will get a break and a 200+ pip free fall to my target!
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