EURJPY: Sell for the big wave to downside

I am short on this pair. If it does not breakdown then look for sell from the top again.
I am bearish on all other JPY pairs too.

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Price broken down earlier, we have a nice impulse now. Look for flag for further downside.

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Price did as I anticipated. Now watch the PA at the bottom.

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This pair has been doing perfectly. Now watch for another sell setup below the trend line for further continuation to downside. Here is the update.

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Here is the update:

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Price is dropping nicely from the sell place. Enjoy your profits and manage your trades. Good luck.

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Hope you guys managed to book in your profits. Now we are having another opportunity to sell this pair, pay attention to price action at the current price and look for impulse before selling this pair.

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Price respected the area we were looking for price action. If you have sold, move your stops to break even and let the trade run.

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Price formed a rising wedge and reverse to downside as we were expecting. Now look for continuation formation to confirm price is going to continue to downside.
If you are not in yet from the top, then watch for flag to join the downside move.

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Here is the update on EURJPY.

AlanTradesFX

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AlanTradesFX