EUR/JPY Daily Double Bottom Reversal Pattern? Bulls Ready?

13 May 2019

I have been keeping an eye out on EUR/JPY after a heavy bearish market this past few weeks and it seems we have hit an area of Daily resistance that has formed a potential Double bottom reversal pattern. There is still 4HRS left of this daily candle being formed but this is something to consider if you are in any shorts trades on this pair. We will be waiting to see what price action tells us in the next coming days after the close of this Daily candle to see if this is a true reversal structure.