EURJPY On Key Level Again! Trading Plan

8 ביוני 2020

EURJPY once again is testing a key daily resistance level.

on 1H the price set a sequence of lower highs forming a classic descending triangle formation with horizontal support.

to short wisely wait for a bearish breakout (1H candle close below) of the underlined horizontal support.
then sell aggressively or on retest expecting a bearish continuation.

Target levels:
122.8
122.2

stop is above the last lower high.


if the market closes above the last lower high, triangle will be invalid.