EURJPY Reversal price action for the sell

30 thg 12, 2020

Hi traders:

EURJPY is shaping up to be a good reversal sell from the top.

We see a higher time frame double tops, and price has correct itself up within an ascending channel.

Latest price showed us a LTF push down, and potentially forming a continuation correction to go lower.

I would wait for a clean small LTF continuation correction to develop and complete before looking for a stop entry order to the previous lows as a first potential target.

Thank you