This channel will most likely break and it can fall +500 pips

EURJPY is for quite some time trying to break this channel and it seems that it will happen now.
We will possibly see the 500 pips waterfall.

We are already in the trade:

New Pending Trade 56
EURJPY Sell stop 119.579
SL 121.6 (200)
TP 114.049
RRR 2.69

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DISCLAIMER:
Trading is not for everyone and you should consider the risk and your current financial situation before placing any trades.
Any opinions, news, research, analyses other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Trade active:

Break out is in play