EURJPY short setup

1 באוג׳ 2021

EJ has been in a clear downtrend the last few week (1D TF). on the 4H TF we have a rising wedge. 2 fakeouts last week and a bearish divergence. I'll wait to see if price breaks below the support zone wich has held for the last few days (green zone). after a retest I'll go short on EJ.

Wish you all the best trades for this week!

Let me know what you think of EJ