EURJPY once again is testing a key daily resistance level.
on 1H the price set a sequence of lower highs forming a classic descending triangle formation with horizontal support.
to short wisely wait for a bearish breakout (1H candle close below) of the underlined horizontal support.
then sell aggressively or on retest expecting a bearish continuation.
Target levels:
122.8
122.2
stop is above the last lower high.
if the market closes above the last lower high, triangle will be invalid.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅