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EURJPY Descending Channel

Short
Euro / Japanese Yen (FX:EURJPY)  
tradingjournal101_ Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Supply and Demand Trend Lines EURJPY eurjpyshort
10
5
trendanalysis supplyanddemand trendline eurjpy eurjpyshort
I've been waiting for a short on EURJPY for a long time and believe it is happening now. Descending parallel channel + rejection = nice short. XXXJPY pairs are all going to drop soon which adds to the multiple confluence. Related ideas below. Although already in the trade, it could pull back to entry price again, providing another opportunity.
Trade active
Comment:
Accidently added to comments section but it's here now too.

Daily View:
snapshot
Weekly View:
snapshot
Comment:
TP extended to another monthly level due to current market movement. RR = 6.64
snapshot
Trade closed: target reached:
Trade closed at the original TP. +4.12 RR

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