EUR/JPY In this pair it is clear to see that momentum has shifted from being bullish to becoming bearish Previously we can see that we consistently creating higher highs and higher lows indicated by the green boxes We then under went and exhaustion of the bullish pressure, then going to create a Wykoff Distribution schematic indicated by the blue box we are currently now is a bearish cycle where we are experiencing lower lows and lower highs breaking previous bullish structure looking for more continuation to the downside Some might be only viewing this on a 4hr and belief that this chart if bullish however a closer look at a daily and weekly shows we a consistently creating lower lows Price currently just rejected off the 50 fib shown by green line My Entry = 130.251 S/L130.437 TP-128.528 1:545 RR
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