EURO YEN next bearish move

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There was a great setup printed on Euro Yen daily time frame kind of rising wedge or a triangle pattern and a downside breakout was there which shows a measured target of 1000 pips down side and so far after break out the pair falling very nicely following ECB president Draghi words for bad fundamental, so far its 300 pips downside after break out and traders those missed to short this pair can look at H4 for price action sell signal……. As there is also a small rising wedge pattern formed and break out happened so in my point of view a simple BCP (Break  out – Pullback – Continuation) setup is a signal for further sell off …… 












Kindly look at chart of H4 time frame where price is testing the trend line will take a sell if it prints a pin bar a rejection of upside move.



 

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