Looking at this structure short on the EURJPY on the 60m. We have a clear level of structure looking left, price has gone overbought, there is bearish divergence with a double top. With Stops above the highs we have a pretty good risk/reward even for more conservative targets above the .50's handle. If youre more aggressive you can shoot for a lower level of structure. Not looking for a big move but just some relief.
-Raymond Jeffries
-Raymond Jeffries