Forex_Trader_
Short

EURJPY Sell Opportunity

FX:EURJPY   Euro / Japanese Yen
On higher time-frame, price is making discrete lower highs and lower lows. Price is now going up in the price channel . Price is now about to touch the bottom trend-line of the price channel for the 4th touch. This can bring about a clean break to fall lower. We also see that price is unable to close above 125.5, which is a psychological level. Price seems to be running out of steam as there are several spinning top candles. This trade gives a nice ratio of 2.5:1.
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