EUR/JPY Short 1HR Entry Fib Retracement & Counter trendline

10 thg 5, 2019

This pair has been extremely successful for me this past couple of weeks. We can see another Fibonacci Retracement in play from a significant high and significant low area. Price Came back up and tapped the 61.8% Fib level and created a tweezer top pattern. We would be looking for a clear break of this counter trendline I have put in and a EMA crossover which looks likely. I feel extremely confident that this pair will come down to this Weekly dynamic area of 122.000 which aligns perfect with the first profit taking level on the fib retracement. Always wait for the market to present its hand first before entering.