EURJPY Short Trading Idea (Sell The Breakout)

See screenshots below showing the price action on daily, weekly and monthly timeframe. I believe price will drop to the lower trendline and on the 4-hour timeframe, we have a clear break & retest, giving us the opportunity to jump in on the sell. Let's see how the markets open, we want to minimise our risk as much as possible so if we gap up, it will be an advantage for us.

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

Trade active

Comment:

Stopped out at 129.220 earlier today. Have just opened a second sell position at 129.384 with stops above the previous swing high.