garciaohk
Short

EURJPY H4 SHORT PRICE ACTION FORECAST

OANDA:EURJPY   Euro / Japanese Yen
Price is currently testing the 200MA and fighting to break it while acting a resistance level from the weekly realm. The pair's strong bullish bias remains intact, but we could expect a healthy correction to gain additional force to continue its uptrend movement.

Now, dipping into H4, confirmation needs to happen before placing a short entry. Price should break the ascending trendline and retest it to have a valid sell order.

The order:
Type: sell-stop
S/L: 70 pips - R:R | 1:2.3 -
T/P: previous resistance level

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