EURJPY-- Descending triangle forming w/ internal trend support
We have the descending triangle forming with internal trend support (blue lines) If this next bounce of this price is to the blue line it would indicate a bearish situation and a probable sell off down to around 135.300 levels.
However there is also bullish divergence on both the RSI and Stochastic oscillator
Short opportunity if bounces off blue trend resistance lines. If stock breaks the blue line trend resistance another opportunity to short will be at the top of the angle of the triangle (shown in small rectangle on the triangle)
It's one to keep an eye on for now.
However there is also bullish divergence on both the RSI and Stochastic oscillator
Short opportunity if bounces off blue trend resistance lines. If stock breaks the blue line trend resistance another opportunity to short will be at the top of the angle of the triangle (shown in small rectangle on the triangle)
It's one to keep an eye on for now.