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jojofang0901

EURJPY Bearish Price Action, Watch For Sell

Short
Euro / Japanese Yen (OANDA:EURJPY)  
jojofang0901 Updated   
OANDA:EURJPY   Euro / Japanese Yen
Chart Patterns Flag Parallel Channel jpy EUR Bearish Patterns priceaction structure pattern
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chartpattern flagpattern parallelchannel jpy eur bearish priceaction structure pattern

Here on EURJPY mid time frame, we can see the price has clearly impulse out of the MTF corrective structure.

With a strong bearish impulse phase, we know price will need to correct in order to continue lower.

In the last 2 days price has slowly been consolidating in the latest development, good sign for further downside if correction completes.

Wait for lower time frame bearish price action to confirm more downside potential.

Comment:
Higher Time Frame H and S:
snapshot
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