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EURJPY - Daily Timeframe Overview - Short Opportunity

Short
OANDA:EURJPY   Euro / Japanese Yen
Among the numerous financial instruments we are currently monitoring, EURJPY seems at the moment one of the most interesting to trade. On the daily timeframe, we believe, in fact, that the pair will at least go to break the previous month's daily low and possibly go and re test the monthly trend line, before resuming the uptrend. There is also the possibility that it breaks the daily structure, but what is important to us at the moment, is that on the daily and smaller timeframes, the pair has and is presenting itself with great short opportunities. Updates on smaller timeframes will follow.

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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

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