Juliansd

EURJPY on daily uptrend channel broke.

Short
Juliansd Updated   
OANDA:EURJPY   Euro / Japanese Yen
We have EURJPY on the daily chart, we clearly see a really good uptrend channel that just broke on the previos week. We can get the idea of a possible retest of the channel and also the lower low level from the wick. I would wait for confirmation once it reaches the 140.000 and get a nice red candlestick showing the reversal.
Trade active:
We can see that it didn't fully do the retest into the resistance area but we did get a nice rejection wick making it a solid indicator that is going down. we are in deep blues with this trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.