In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse an opportunity in EURJPY to the downside.
Looking at this market on a daily time frame, you will see that we are firmly in a downtrend. Prices have been in a descending triangle over the last couple of months. However, in yesterday’s market, we saw prices breaking and closing below the monthly low of 120.79. Overall, this is a very significant trend.
As long at prices say below 120.78, we are interested in getting into this market below yesterday’s low of 120.48. Definitely one to watch.
Opportunity in EURJPY to the Downside – Full Video Analysis
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