EURJPY STRONG BEARISH TREND COMING UP.
Note: For the bearish trend to be successful we are expecting H,LH,LH at the upper side of the trend and L,LL,LL at the bottom side but for the now if you take a glance at the 4H chart we only see H,L AND LH (the red arrows pointing downwards). At this point i think to SELL is a good one and having TAKE PROFIT 1 (136.946), TAKE PROFIT 2 (135.560) and our STOP LOSS (137.675). But i plan to extend my profit to 134.880 crossing the 200 EMA on 4H chart
Note: For the bearish trend to be successful we are expecting H,LH,LH at the upper side of the trend and L,LL,LL at the bottom side but for the now if you take a glance at the 4H chart we only see H,L AND LH (the red arrows pointing downwards). At this point i think to SELL is a good one and having TAKE PROFIT 1 (136.946), TAKE PROFIT 2 (135.560) and our STOP LOSS (137.675). But i plan to extend my profit to 134.880 crossing the 200 EMA on 4H chart
