After that amazing pullback, it looks as though EURJPY is going to drop again
We were in the middle of a downtrend anyway and now there is a 1hr pin bar and a 5m one more or less in the same place
My reason for the short is right now the weekly candle is engulfing the previous week's candle.. if we are in a downtrend then this weeks candle has to do something drastic to show a rejection
I think tomorrow may be big for this pair and other correlating pairs
We were in the middle of a downtrend anyway and now there is a 1hr pin bar and a 5m one more or less in the same place
My reason for the short is right now the weekly candle is engulfing the previous week's candle.. if we are in a downtrend then this weeks candle has to do something drastic to show a rejection
I think tomorrow may be big for this pair and other correlating pairs