EURJPY Re-Short
EURJPY is at a crux of resistance (1x1 angle) where price has been held strongly in the past. We're also seeing a bearish divergence in momentum to price movement; a supportive signal of a downmove. What's more important is the purple cycle lines which have given reactions marked in lime (1/5 time divisions). Price rose to this cycle time and taht suggests a top in the making.
EURJPY Short 122.71
Stop @ 123.46
Initial Open TP
(will be very flexible as it could actually be a breakout)
EURJPY is at a crux of resistance (1x1 angle) where price has been held strongly in the past. We're also seeing a bearish divergence in momentum to price movement; a supportive signal of a downmove. What's more important is the purple cycle lines which have given reactions marked in lime (1/5 time divisions). Price rose to this cycle time and taht suggests a top in the making.
EURJPY Short 122.71
Stop @ 123.46
Initial Open TP
(will be very flexible as it could actually be a breakout)
Have I got something on my face, SOLDIER?