EURJPY is trading on the downside for a long time. We may see a continuation of downtrend in EURJPY in falling wedge pattern, also it has created a double top pattern before making a big downside turn (as you can see in chart) the double top formation with a red down arrow. At the current level, it has formed a double top near the resistance line for falling wedge so we might think that the pair can move downside for short trade with a stop loss just above the resistance line of the falling wedge .

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.