EURJPY – Top-Down Analysis!DAILY: Right Chart

The EUR/JPY Pair Is Expected To Start A New Zig-Zag Correction

EURJPY is approaching a strong resistance in green and upper brown trendline so we will be looking for sell setups on lower timeframes.

M30: Left Chart

EURJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.


Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)


Meanwhile, until the buy is activated, EURJPY would be overall bullish can still trade higher inside the green resistance.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

The EUR/JPY Pair Is Expected To Start A New Zig-Zag Correction

Richard Nasr

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