if that bearish candle you see in the chart closed bellow the 135.546 prices go bearish and tp at the resistance level in purple ( its a profit of 100 pips ) and if you didn't want to take profit there just adjust your stop loss so you can be safe
As we can see
eurjpy have strong bullish trend
nevertheless we can see the bullish structure clearly as a channel
and if we looking in daily timeframe
eurjpy has arrived at resistance horizntal @133.598
my prediction is waiting for confirmation to short eurjpy
we have good risk to rewards and high probability trade set up
if you guys have any ideas don't be...
EURJPY broke out short last week from it’s recent ranging channel. Looking for further opportunities to short the continuation. This pullback needs to end before entry. Waiting on the price action.
EURJPY D1 Outlook
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Bearish trend in EURJPY.
price was crossed the 0.786 fibo level and it will keep the bearish momentum. In the mean time EURJPY in over sold situation as well.
Note: Trade at your own risk and fundamental can effect the analysis.
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