Greetings everyone! Lets break down the analysis of EURJPY above. From the analysis above we can see that the EURJPY has overall of downtrend. However, the pair has formed the fake up trend in the previous weeks and in the last days of the week the pair had overall consolidation over trendline. Where the pair has bounced off the obvious zone, where most people go long. Thus, i believe the pair has more potentials to short. I am expecting the scenario below.
If you are interested learning to trade and how to spot traps.
Please use proper money management and Lot Sizes! Trading on Monday is not ADVISED!!!
1:10 risk to reward achieved 200pips!