Hi Guys, the Eur/Jpy has been moving up in price inside a channel and is approaching a Daily order block which falls in line with the completion of a bearish bat pattern.
The 88.6 retracement from either the high or the lower high which resulted in the massive selloff and which is the completion point of the bat pattern results in a nice confluence short trade with pretty good risk reward.
There will be plenty of traders who have eyes on this area and we could see a real quick drop in price should it get there.
Wish everyone safe and profitable trading
The 88.6 retracement from either the high or the lower high which resulted in the massive selloff and which is the completion point of the bat pattern results in a nice confluence short trade with pretty good risk reward.
There will be plenty of traders who have eyes on this area and we could see a real quick drop in price should it get there.
Wish everyone safe and profitable trading
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