EURJPY Sell Idea
W1 - Double wave up, second leg is at 161.8 fibo level. Bearish divergence has formed. We may expect a reversal to happen from here.
H4 - Price respected the uptrend line and broke below the last low. We may now expect pullbacks in the form of double wave up and then we can look for sells.
As long as the high at 137.50 holds, we may look for bearish evidences and once we get bearish evidences, we can start looking for short term sells.
Note: If the price breaks above the last high at last high 137 50 then this setup is invalidated.
H4 - Price respected the uptrend line and broke below the last low. We may now expect pullbacks in the form of double wave up and then we can look for sells.
As long as the high at 137.50 holds, we may look for bearish evidences and once we get bearish evidences, we can start looking for short term sells.
Note: If the price breaks above the last high at last high 137 50 then this setup is invalidated.
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