Hi guys, it has been a while since I have posted but I am back with a potential bearish opportunity on EURJPY. We have clearly been violating lows through out last week on the 4 hour time frame, and also have been bearish in the long term.
Now we seem to be pulling back to a level of previous demand, which also lines up with a fresh supply zone. This also lines up with the 50% fibonacci level, where I will be taking a short to the next level of demand.
Now we seem to be pulling back to a level of previous demand, which also lines up with a fresh supply zone. This also lines up with the 50% fibonacci level, where I will be taking a short to the next level of demand.